Xunlei (NASDAQ:XNET) Cut to Hold at StockNews.com

Xunlei (NASDAQ:XNET) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Xunlei Stock Performance

XNET opened at $3.02 on Monday. Xunlei has a twelve month low of $1.46 and a twelve month high of $5.52. The firm has a market capitalization of $185.64 million, a PE ratio of 13.13 and a beta of 0.81. 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 firm’s 50-day moving average price is $3.81 and its 200 day moving average price is $2.66.

Xunlei (NASDAQ:XNET) last issued its quarterly earnings data on Thursday, March 13th. The software maker reported $0.17 EPS for the quarter. The firm had revenue of $84.30 million for the quarter. Xunlei had a net margin of 4.65% and a return on equity of 4.47%.

Institutional Investors Weigh In On Xunlei

Several hedge funds and other institutional investors have recently made changes to their positions in XNET. Public Employees Retirement System of Ohio acquired a new stake in Xunlei during the 3rd quarter worth $109,000. Sei Investments Co. purchased a new stake in shares of Xunlei in the fourth quarter valued at about $53,000. Russell Investments Group Ltd. acquired a new stake in shares of Xunlei during the fourth quarter worth about $52,000. Marshall Wace LLP purchased a new position in shares of Xunlei during the fourth quarter worth about $84,000. Finally, Two Sigma Securities LLC acquired a new position in Xunlei in the 4th quarter valued at about $36,000. 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 Green Channel and Fast Bird products.