Xunlei (NASDAQ:XNET) Downgraded by StockNews.com to “Buy”

StockNews.com downgraded shares of Xunlei (NASDAQ:XNET) from a strong-buy rating to a buy rating in a research report sent to investors on Friday morning.

Xunlei Stock Performance

Xunlei stock opened at $4.50 on Friday. The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. Xunlei has a 1 year low of $1.45 and a 1 year high of $4.80. The company has a market cap of $285.26 million, a PE ratio of 19.57 and a beta of 1.06. The company’s 50-day moving average is $2.75 and its two-hundred day moving average is $2.19.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in XNET. Two Sigma Securities LLC bought a new stake in shares of Xunlei in the 4th quarter valued at about $36,000. Russell Investments Group Ltd. bought a new stake in shares of Xunlei in the 4th quarter valued at about $52,000. Sei Investments Co. bought a new stake in shares of Xunlei in the 4th quarter valued at about $53,000. Marshall Wace LLP bought a new stake in shares of Xunlei in the 4th quarter valued at about $84,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Xunlei in the 3rd quarter valued at about $109,000. 5.07% of the stock is currently owned by institutional investors and hedge funds.

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.