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

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

Xunlei Trading Up 1.0 %

Xunlei stock opened at $2.06 on Thursday. Xunlei has a 12 month low of $1.36 and a 12 month high of $2.41. The company has a quick ratio of 2.68, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The stock has a market cap of $132.61 million, a P/E ratio of 7.63 and a beta of 1.15. The company’s fifty day simple moving average is $1.77 and its 200-day simple moving average is $1.71.

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

Institutional Trading of Xunlei

An institutional investor recently raised its position in Xunlei stock. Rhumbline Advisers lifted its holdings in Xunlei Limited (NASDAQ:XNET) by 42.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period. 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.