Investment analysts at StockNews.com began coverage on shares of Xunlei (NASDAQ:XNET – Get Free Report) in a report released on Thursday. The brokerage set a “buy” rating on the software maker’s stock.
Xunlei Stock Down 1.0 %
Xunlei stock opened at $2.04 on Thursday. Xunlei has a fifty-two week low of $1.36 and a fifty-two week high of $2.41. 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 company has a market capitalization of $131.33 million, a P/E ratio of 7.56 and a beta of 1.15. The stock has a 50-day simple moving average of $1.78 and a 200-day simple moving average of $1.72.
Xunlei (NASDAQ:XNET – Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The software maker reported $0.04 earnings per share (EPS) for the quarter. The firm had revenue of $79.33 million for the quarter. Xunlei had a return on equity of 4.47% and a net margin of 4.52%.
Hedge Funds Weigh In On Xunlei
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.
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