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

StockNews.com cut shares of Xunlei (NASDAQ:XNET) from a buy rating to a hold rating in a research report sent to investors on Wednesday.

Xunlei Trading Down 2.7 %

Shares of XNET stock opened at $4.38 on Wednesday. The stock has a market cap of $273.19 million, a P/E ratio of 19.04 and a beta of 0.83. The company has a quick ratio of 2.91, a current ratio of 2.92 and a debt-to-equity ratio of 0.04. Xunlei has a fifty-two week low of $1.46 and a fifty-two week high of $5.52. The business has a fifty day simple moving average of $4.17 and a 200-day simple moving average of $2.96.

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

Institutional Trading of Xunlei

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC acquired a new stake in shares of Xunlei during the 4th quarter worth about $36,000. Russell Investments Group Ltd. purchased a new position in shares of Xunlei during the fourth quarter valued at approximately $52,000. Sei Investments Co. acquired a new stake in Xunlei during the fourth quarter worth approximately $53,000. Marshall Wace LLP purchased a new stake in Xunlei in the 4th quarter worth approximately $84,000. Finally, XTX Topco Ltd acquired a new position in Xunlei in the 1st quarter valued at $98,000. 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 Green Channel and Fast Bird products.