Traders Buy Large Volume of Xunlei Call Options (NASDAQ:XNET)

Xunlei Limited (NASDAQ:XNET) was the target of unusually large options trading on Tuesday. Investors acquired 3,207 call options on the stock. This is an increase of 151% compared to the typical volume of 1,276 call options.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xunlei in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, According to MarketBeat, Xunlei has an average rating of “Buy”.

Institutional Investors Weigh In On Xunlei

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. acquired a new position in Xunlei during the fourth quarter worth $31,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Xunlei in the 3rd quarter worth $112,000. Walleye Capital LLC purchased a new position in shares of Xunlei during the 2nd quarter worth $51,000. QRG Capital Management Inc. acquired a new position in shares of Xunlei during the 2nd quarter valued at about $56,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of Xunlei in the third quarter valued at about $153,000. Institutional investors and hedge funds own 5.07% of the company’s stock.

Xunlei Trading Down 2.1%

Shares of XNET opened at $6.66 on Wednesday. Xunlei has a 52-week low of $2.33 and a 52-week high of $11.03. The stock has a market cap of $418.18 million, a PE ratio of 0.33 and a beta of 0.99. The firm’s fifty day moving average is $7.23 and its two-hundred day moving average is $7.28. The company has a quick ratio of 2.01, a current ratio of 2.02 and a debt-to-equity ratio of 0.03.

Xunlei (NASDAQ:XNET) last posted its quarterly earnings results on Thursday, November 13th. The software maker reported $0.07 earnings per share for the quarter. The firm had revenue of $125.93 million for the quarter. Xunlei had a net margin of 315.06% and a return on equity of 2.75%.

About Xunlei

Xunlei Limited (NASDAQ: XNET) is a China-based technology company specializing in content acceleration and cloud services. Its core offerings include the Xunlei download manager, which integrates peer-to-peer (P2P) and cloud-based acceleration technologies to enhance file delivery speeds for large downloads. The company has expanded its suite of products to encompass cloud storage solutions, media streaming applications and mobile browsing tools, all aimed at improving digital content distribution and user experience.

Founded in 2003 and headquartered in Shenzhen, Xunlei originally gained traction by addressing bandwidth constraints in China’s burgeoning internet market.