Xunlei Limited (NASDAQ:XNET - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $2.10 and traded as high as $2.74. Xunlei shares last traded at $2.60, with a volume of 211,200 shares traded.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded shares of Xunlei from a "buy" rating to a "strong-buy" rating in a research report on Thursday, January 23rd.
Read Our Latest Stock Report on XNET
Xunlei Trading Up 1.2 %
The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $159.11 million, a P/E ratio of 10.91 and a beta of 1.06. The business has a 50-day moving average price of $2.12 and a two-hundred day moving average price of $1.91.
Institutional Investors Weigh In On Xunlei
A hedge fund recently bought a new stake in Xunlei stock. Public Employees Retirement System of Ohio acquired a new stake in Xunlei Limited (NASDAQ:XNET - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 59,158 shares of the software maker's stock, valued at approximately $109,000. Public Employees Retirement System of Ohio owned about 0.09% of Xunlei at the end of the most recent reporting period. 5.07% of the stock is owned by institutional investors.
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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