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

StockNews.com started coverage on shares of Xunlei (NASDAQ:XNET) in a research note released on Sunday morning. The firm issued a buy rating on the software maker’s stock.

Xunlei Stock Up 2.3 %

XNET opened at $1.75 on Friday. Xunlei has a 12 month low of $1.28 and a 12 month high of $2.09. The company has a current ratio of 2.45, a quick ratio of 2.54 and a debt-to-equity ratio of 0.03. The business’s 50-day moving average price is $1.58 and its 200-day moving average price is $1.55. The company has a market cap of $112.67 million, a P/E ratio of 6.48 and a beta of 1.22.

Xunlei (NASDAQ:XNET) last announced its quarterly earnings results on Thursday, March 14th. The software maker reported $0.06 EPS for the quarter. The business had revenue of $77.14 million for the quarter. Xunlei had a return on equity of 5.23% and a net margin of 4.85%.

Institutional Investors Weigh In On Xunlei

A number of large investors have recently added to or reduced their stakes in XNET. QRG Capital Management Inc. purchased a new stake in shares of Xunlei during the third quarter worth about $36,000. Acadian Asset Management LLC raised its holdings in Xunlei by 30.4% in the third quarter. Acadian Asset Management LLC now owns 145,739 shares of the software maker’s stock worth $233,000 after purchasing an additional 33,993 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Xunlei by 25.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,275 shares of the software maker’s stock worth $423,000 after buying an additional 53,160 shares during the last quarter. 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.