Xunlei (NASDAQ:XNET) Stock Moved Down to Sell by Wall Street Zen

Wall Street Zen lowered shares of Xunlei (NASDAQ:XNET) from a hold rating to a sell rating in a research note released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Xunlei from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Xunlei Stock Performance

XNET traded down $0.11 during trading on Friday, hitting $3.43. The stock had a trading volume of 190,161 shares, compared to its average volume of 297,378. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.03 and a quick ratio of 2.03. The company has a 50 day moving average price of $4.37 and a 200-day moving average price of $5.35. Xunlei has a one year low of $3.10 and a one year high of $8.29. The firm has a market cap of $218.63 million, a price-to-earnings ratio of -0.25 and a beta of 1.13.

Xunlei (NASDAQ:XNET) last posted its quarterly earnings data on Thursday, November 12th. The software maker reported ($0.26) earnings per share for the quarter. Xunlei had a negative return on equity of 1.21% and a negative net margin of 193.02%. The firm had revenue of $100.82 million for the quarter.

Hedge Funds Weigh In On Xunlei

A hedge fund recently bought a new stake in Xunlei stock. Public Employees Retirement System of Ohio acquired a new stake in Xunlei Limited (NASDAQ:XNET) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 44,783 shares of the software maker’s stock, valued at approximately $251,000. Public Employees Retirement System of Ohio owned approximately 0.07% of Xunlei at the end of the most recent reporting period. 5.07% of the stock is owned by institutional investors.

Xunlei Company Profile

Xunlei Limited is a Chinese technology company founded in 2003 and headquartered in Shenzhen. It develops internet software and services, including Xunlei, a download and content-delivery platform designed to accelerate file transfers and online access. The company also offers cloud-related services, such as cloud storage and distributed cloud computing. Through its OneThing and related offerings, Xunlei uses shared computing resources to support services including content delivery and data processing.