Xunlei (NASDAQ:XNET) Share Price Passes Below Two Hundred Day Moving Average of $1.76

Xunlei Limited (NASDAQ:XNET)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.76 and traded as low as $1.62. Xunlei shares last traded at $1.64, with a volume of 92,672 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Xunlei in a report on Thursday, August 17th. They set a “hold” rating on the stock.

Xunlei Stock Up 1.2 %

The company has a current ratio of 2.72, a quick ratio of 2.71 and a debt-to-equity ratio of 0.07. The firm’s 50 day moving average price is $1.84 and its two-hundred day moving average price is $1.76. The company has a market capitalization of $107.97 million, a P/E ratio of 6.83 and a beta of 1.40.

Xunlei (NASDAQ:XNET) last released its earnings results on Tuesday, August 15th. The software maker reported $0.08 earnings per share for the quarter. Xunlei had a net margin of 4.15% and a return on equity of 5.19%. The business had revenue of $104.01 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Acadian Asset Management LLC bought a new stake in Xunlei during the 1st quarter worth approximately $114,000. Envestnet Asset Management Inc. lifted its position in shares of Xunlei by 105.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 122,338 shares of the software maker’s stock valued at $96,000 after acquiring an additional 62,834 shares during the period. Jane Street Group LLC acquired a new position in shares of Xunlei during the third quarter valued at about $73,000. UBS Group AG boosted its holdings in Xunlei by 2,164.5% in the third quarter. UBS Group AG now owns 52,173 shares of the software maker’s stock worth $73,000 after acquiring an additional 49,869 shares in the last quarter. Finally, Harvest Portfolios Group Inc. acquired a new stake in Xunlei in the 1st quarter valued at $57,000. Institutional investors and hedge funds own 5.15% of the company’s stock.

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 various products, such as Green Channel.