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

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

Xunlei Trading Up 3.8 %

Xunlei stock opened at $1.65 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.68 and a current ratio of 2.70. Xunlei has a fifty-two week low of $1.36 and a fifty-two week high of $1.98. The stock has a market cap of $106.22 million, a P/E ratio of 6.11 and a beta of 1.12. The firm’s fifty day moving average price is $1.67 and its 200-day moving average price is $1.63.

Institutional Trading of Xunlei

A hedge fund recently raised its stake in Xunlei stock. Acadian Asset Management LLC increased its stake in Xunlei Limited (NASDAQ:XNET) by 20.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,254 shares of the software maker’s stock after purchasing an additional 30,515 shares during the period. Acadian Asset Management LLC owned approximately 0.27% of Xunlei worth $294,000 as of its most recent SEC filing. Institutional investors and hedge funds own 5.07% of the company’s stock.

Xunlei Company Profile

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.