Xunlei (NASDAQ:XNET) Raised to “Buy” at StockNews.com

Xunlei (NASDAQ:XNET) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

Xunlei Stock Up 5.4 %

XNET stock opened at $3.70 on Friday. Xunlei has a fifty-two week low of $1.46 and a fifty-two week high of $5.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.92 and a quick ratio of 2.91. The stock has a market capitalization of $227.44 million, a price-to-earnings ratio of 16.09 and a beta of 0.81. The business’s fifty day moving average price is $3.94 and its two-hundred day moving average price is $2.76.

Xunlei (NASDAQ:XNET) last released its quarterly earnings results on Thursday, March 13th. The software maker reported $0.17 EPS for the quarter. The business had revenue of $84.30 million for the quarter. Xunlei had a net margin of 4.65% and a return on equity of 4.47%.

Institutional Trading of Xunlei

Several large investors have recently modified their holdings of XNET. Public Employees Retirement System of Ohio acquired a new position in Xunlei in the third quarter valued at about $109,000. Sei Investments Co. bought a new position in Xunlei in the 4th quarter valued at about $53,000. Russell Investments Group Ltd. acquired a new position in shares of Xunlei in the 4th quarter valued at approximately $52,000. Marshall Wace LLP bought a new stake in shares of Xunlei during the 4th quarter worth approximately $84,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Xunlei during the 4th quarter worth approximately $36,000. 5.07% of the stock is owned by institutional investors and hedge funds.

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 Green Channel and Fast Bird products.