Xunlei (NASDAQ:XNET) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Xunlei (NASDAQ:XNETGet Rating) in a report issued on Wednesday. The firm set a “buy” rating on the software maker’s stock.

Separately, TheStreet upgraded shares of Xunlei from a “d+” rating to a “c-” rating in a report on Tuesday, November 15th.

Xunlei Stock Down 2.4 %

XNET opened at $1.62 on Wednesday. The stock has a market cap of $107.73 million, a price-to-earnings ratio of 5.79 and a beta of 1.06. Xunlei has a fifty-two week low of $0.85 and a fifty-two week high of $2.76. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.84 and a current ratio of 2.84. The firm’s fifty day moving average is $1.36 and its 200 day moving average is $1.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC acquired a new stake in shares of Xunlei in the 2nd quarter worth $35,000. JPMorgan Chase & Co. lifted its holdings in shares of Xunlei by 858.2% in the 1st quarter. JPMorgan Chase & Co. now owns 25,439 shares of the software maker’s stock valued at $45,000 after buying an additional 22,784 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Xunlei by 69.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 50,480 shares of the software maker’s stock valued at $89,000 after buying an additional 20,774 shares during the period. UBS Group AG increased its stake in shares of Xunlei by 2,164.5% in the 3rd quarter. UBS Group AG now owns 52,173 shares of the software maker’s stock valued at $73,000 after purchasing an additional 49,869 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Xunlei in the 3rd quarter valued at about $73,000. 7.40% of the stock is currently owned by hedge funds and other institutional investors.

About Xunlei

(Get Rating)

Xunlei Limited, together with its subsidiaries, operates an Internet platform for digital media content in the People's Republic of China. The company's platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. It 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 cloud acceleration subscription services that offer users premium services through various products, such as Green Channel.

Further Reading

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