Xunlei (NASDAQ:XNET) Stock Passes Below Two Hundred Day Moving Average of $1.63

Posted by Shane Hupp on Sep 14th, 2024

Xunlei Limited (NASDAQ:XNET – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.63 and traded as low as $1.55. Xunlei shares last traded at $1.58, with a volume of 36,438 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Xunlei in a research report on Saturday. They set a “buy” rating on the stock.

View Our Latest Research Report on XNET

Xunlei Stock Performance

The firm has a market cap of $100.60 million, a PE ratio of 5.85 and a beta of 1.14. The stock has a 50-day moving average price of $1.64 and a 200 day moving average price of $1.63. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.68.

Xunlei (NASDAQ:XNET – Get Free Report) last posted its quarterly earnings results on Tuesday, August 13th. The software maker reported $0.04 EPS 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 during the quarter.

Hedge Funds Weigh In On Xunlei

An institutional investor recently raised its position in Xunlei stock. Rhumbline Advisers increased its position in Xunlei Limited (NASDAQ:XNET – Free Report) by 42.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,097 shares of the software maker’s stock after buying 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. 5.07% of the stock is owned by institutional investors.

About Xunlei

(Get Free Report)

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.