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

Stock analysts at StockNews.com initiated coverage on shares of Xunlei (NASDAQ:XNET) in a research report issued on Wednesday. The firm set a “buy” rating on the software maker’s stock.

Xunlei Price Performance

XNET stock opened at $1.90 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.68 and a current ratio of 2.70. The firm has a 50 day moving average price of $1.73 and a 200-day moving average price of $1.69. Xunlei has a 52-week low of $1.36 and a 52-week high of $2.41. The firm has a market capitalization of $122.31 million, a price-to-earnings ratio of 7.04 and a beta of 1.15.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Xunlei stock. Rhumbline Advisers increased its holdings in shares of Xunlei Limited (NASDAQ:XNET) by 42.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,097 shares of the software maker’s stock after purchasing an additional 7,220 shares during the quarter. Rhumbline Advisers’ holdings in Xunlei were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.