Xunlei (NASDAQ:XNET) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Xunlei (NASDAQ:XNET) in a report released on Saturday. The brokerage issued a buy rating on the software maker’s stock.

Xunlei Price Performance

Shares of NASDAQ:XNET opened at $1.58 on Friday. The company has a market cap of $101.71 million, a price-to-earnings ratio of 5.85 and a beta of 1.14. The firm’s 50-day simple moving average is $1.64 and its 200-day simple moving average is $1.64. The company has a quick ratio of 2.68, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Xunlei has a fifty-two week low of $1.36 and a fifty-two week high of $1.98.

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

Institutional Trading of Xunlei

A hedge fund recently raised its stake in Xunlei stock. Rhumbline Advisers boosted its holdings in shares of Xunlei Limited (NASDAQ:XNET) by 42.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,097 shares of the software maker’s stock after acquiring 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. 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.