Xunlei (NASDAQ:XNET) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Xunlei (NASDAQ:XNET) in a research report released on Saturday morning. The firm issued a buy rating on the software maker’s stock.

Xunlei Trading Up 2.5 %

Shares of Xunlei stock opened at $1.62 on Friday. The firm has a 50-day simple moving average of $1.63 and a two-hundred day simple moving average of $1.64. The company has a market cap of $104.29 million, a P/E ratio of 6.00 and a beta of 1.14. Xunlei has a fifty-two week low of $1.36 and a fifty-two week high of $1.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.68 and a current ratio of 2.70.

Xunlei (NASDAQ:XNET) last issued its quarterly earnings data on Tuesday, August 13th. The software maker reported $0.04 earnings per share for the quarter. The business had revenue of $79.33 million during the quarter. Xunlei had a net margin of 4.52% and a return on equity of 4.47%.

Institutional Trading of Xunlei

An institutional investor recently raised its position in Xunlei stock. Rhumbline Advisers lifted its stake in shares of Xunlei Limited (NASDAQ:XNET) by 42.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,097 shares of the software maker’s stock after purchasing an additional 7,220 shares during the period. Rhumbline Advisers’ holdings in Xunlei were worth $40,000 as of its most recent filing with the Securities & Exchange Commission. 5.07% of the stock is currently owned by institutional investors.

Xunlei Company Profile

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.