Xunlei (NASDAQ:XNET) Upgraded at StockNews.com

StockNews.com upgraded shares of Xunlei (NASDAQ:XNET) from a buy rating to a strong-buy rating in a research note published on Monday.

Xunlei Trading Down 0.5 %

Xunlei stock opened at $2.10 on Monday. Xunlei has a 52 week low of $1.45 and a 52 week high of $2.41. The stock has a market cap of $133.12 million, a PE ratio of 9.13 and a beta of 1.05. The stock has a 50-day moving average price of $2.03 and a 200 day moving average price of $1.84. The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04.

Institutional Trading of Xunlei

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Rhumbline Advisers lifted its holdings in Xunlei by 42.8% during the 2nd quarter. Rhumbline Advisers now owns 24,097 shares of the software maker’s stock worth $40,000 after buying an additional 7,220 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of Xunlei by 20.9% in the 2nd quarter. Acadian Asset Management LLC now owns 176,254 shares of the software maker’s stock worth $294,000 after acquiring an additional 30,515 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Xunlei by 3.5% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker’s stock valued at $555,000 after buying an additional 10,276 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Xunlei during the 3rd quarter valued at $109,000. 5.07% of the stock is owned by hedge funds and other institutional investors.

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.