Xunlei (NASDAQ:XNET) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Xunlei (NASDAQ:XNET) in a report released on Friday. The firm set a “buy” rating on the software maker’s stock.

Xunlei Price Performance

NASDAQ XNET opened at $1.62 on Friday. Xunlei has a one year low of $1.28 and a one year high of $2.09. The stock has a 50-day moving average of $1.52 and a 200 day moving average of $1.52. 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 company has a market capitalization of $104.29 million, a price-to-earnings ratio of 7.04 and a beta of 1.22.

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

Institutional Trading of Xunlei

Several large investors have recently modified their holdings of XNET. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Xunlei by 25.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,275 shares of the software maker’s stock valued at $423,000 after acquiring an additional 53,160 shares during the period. Acadian Asset Management LLC increased its position in shares of Xunlei by 30.4% during 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 during the last quarter. Finally, QRG Capital Management Inc. bought a new position in shares of Xunlei in the 3rd quarter worth approximately $36,000. Institutional investors own 5.07% 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.