Xunlei (NASDAQ:XNET) Receives New Coverage from Analysts at StockNews.com

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

Xunlei Stock Performance

Shares of XNET stock opened at $1.65 on Thursday. The company has a current ratio of 2.56, a quick ratio of 2.54 and a debt-to-equity ratio of 0.05. The company has a market cap of $106.77 million, a PE ratio of 7.17 and a beta of 1.22. The company’s fifty day simple moving average is $1.51 and its 200-day simple moving average is $1.52. Xunlei has a 52 week low of $1.28 and a 52 week high of $2.09.

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

Institutional Trading of Xunlei

Large investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Xunlei by 25.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,275 shares of the software maker’s stock valued at $423,000 after purchasing an additional 53,160 shares during the period. QRG Capital Management Inc. purchased a new position in Xunlei in the 3rd quarter valued at about $36,000. Finally, Acadian Asset Management LLC grew its stake in shares of Xunlei by 30.4% during the third quarter. Acadian Asset Management LLC now owns 145,739 shares of the software maker’s stock valued at $233,000 after acquiring an additional 33,993 shares in the last quarter. Institutional investors and hedge funds 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.