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

Equities research analysts at StockNews.com initiated coverage on shares of Xunlei (NASDAQ:XNET) in a research note issued on Wednesday. The brokerage set a “buy” rating on the software maker’s stock.

Xunlei Trading Up 5.4 %

Shares of NASDAQ XNET opened at $1.56 on Wednesday. The stock has a market cap of $100.95 million, a price-to-earnings ratio of 6.78 and a beta of 1.23. The business has a 50 day simple moving average of $1.50 and a 200 day simple moving average of $1.53. Xunlei has a 52 week low of $1.28 and a 52 week high of $2.09. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.54 and a current ratio of 2.56.

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

Institutional Investors Weigh In On Xunlei

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. QRG Capital Management Inc. acquired a new stake in Xunlei in the 3rd quarter worth approximately $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 worth $233,000 after purchasing an additional 33,993 shares during 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 worth $423,000 after purchasing an additional 53,160 shares during the last quarter. 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 various products, such as Green Channel.