Xunlei Limited (NASDAQ:XNET - Get Free Report)'s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.02 and traded as high as $2.10. Xunlei shares last traded at $2.05, with a volume of 97,526 shares changing hands.
Analysts Set New Price Targets
Separately, StockNews.com cut Xunlei from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, December 17th.
View Our Latest Stock Report on Xunlei
Xunlei Stock Performance
The business's fifty day simple moving average is $2.02 and its 200-day simple moving average is $1.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.91 and a current ratio of 2.92. The firm has a market capitalization of $129.95 million, a PE ratio of 8.91 and a beta of 1.05.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its position in shares of Xunlei by 42.8% in the second quarter. Rhumbline Advisers now owns 24,097 shares of the software maker's stock worth $40,000 after buying an additional 7,220 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Xunlei by 3.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker's stock worth $555,000 after acquiring an additional 10,276 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Xunlei by 20.9% during the 2nd quarter. Acadian Asset Management LLC now owns 176,254 shares of the software maker's stock worth $294,000 after acquiring an additional 30,515 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Xunlei during the 3rd quarter valued at approximately $109,000. Hedge funds and other institutional investors own 5.07% of the company's stock.
About Xunlei
(
Get Free Report)
Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.
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