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

Analysts at StockNews.com initiated coverage on shares of Xunlei (NASDAQ:XNET) in a research report issued to clients and investors on Wednesday. The brokerage set a “buy” rating on the software maker’s stock.

Xunlei Stock Performance

Shares of XNET opened at $1.56 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.54 and a current ratio of 2.56. The stock has a market capitalization of $100.95 million, a P/E ratio of 6.78 and a beta of 1.23. The company’s fifty day moving average is $1.50 and its two-hundred day moving average is $1.53. Xunlei has a 1 year low of $1.28 and a 1 year high of $2.09.

Xunlei (NASDAQ:XNET) last announced its quarterly earnings data on Thursday, March 14th. The software maker reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $77.14 million for the quarter. Xunlei had a net margin of 3.90% and a return on equity of 4.48%.

Institutional Investors Weigh In On Xunlei

Institutional investors and hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. purchased a new position in Xunlei in the 3rd quarter valued at about $36,000. Acadian Asset Management LLC lifted its holdings in Xunlei by 30.4% in the 3rd quarter. Acadian Asset Management LLC now owns 145,739 shares of the software maker’s stock valued at $233,000 after purchasing an additional 33,993 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Xunlei by 25.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,275 shares of the software maker’s stock valued at $423,000 after purchasing an additional 53,160 shares in the last quarter. 5.07% of the stock is currently owned by hedge funds and other institutional investors.

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 various products, such as Green Channel.