Xunlei (NASDAQ:XNET) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Xunlei (NASDAQ:XNET) in a research report sent to investors on Wednesday morning. The firm issued a buy rating on the software maker’s stock.

Xunlei Stock Performance

Shares of XNET opened at $1.56 on Wednesday. The firm has a market cap of $100.95 million, a PE ratio of 6.78 and a beta of 1.23. The stock’s fifty day moving average price is $1.50 and its two-hundred day moving average price is $1.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.56 and a quick ratio of 2.54. Xunlei has a 1 year low of $1.28 and a 1 year high of $2.09.

Xunlei (NASDAQ:XNET) last released its quarterly earnings data on Thursday, March 14th. The software maker reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $77.14 million for the quarter. Xunlei had a return on equity of 4.48% and a net margin of 3.90%.

Institutional Trading of Xunlei

A number of institutional investors have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. purchased a new stake in Xunlei during the 3rd quarter worth about $36,000. Acadian Asset Management LLC increased its stake in Xunlei by 30.4% in the 3rd quarter. Acadian Asset Management LLC now owns 145,739 shares of the software maker’s stock worth $233,000 after acquiring an additional 33,993 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Xunlei by 25.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,275 shares of the software maker’s stock worth $423,000 after acquiring an additional 53,160 shares during the last quarter. Hedge funds and other institutional investors own 5.07% of the company’s stock.

About Xunlei

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 various products, such as Green Channel.