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

Investment analysts at StockNews.com began coverage on shares of Xunlei (NASDAQ:XNET) in a report issued on Monday. The firm set a “buy” rating on the software maker’s stock.

Xunlei Stock Performance

NASDAQ:XNET opened at $1.85 on Monday. The company has a market capitalization of $119.09 million, a PE ratio of 6.85 and a beta of 1.14. Xunlei has a 52-week low of $1.36 and a 52-week high of $1.98. The stock’s 50 day moving average price is $1.62 and its 200 day moving average price is $1.65. The company has a quick ratio of 2.68, a current ratio of 2.70 and a debt-to-equity ratio of 0.04.

Xunlei (NASDAQ:XNET) last posted its quarterly earnings data on Tuesday, August 13th. The software maker reported $0.04 earnings per share for the quarter. The business had revenue of $79.33 million during the quarter. Xunlei had a return on equity of 4.47% and a net margin of 4.52%.

Institutional Investors Weigh In On Xunlei

A hedge fund recently raised its stake in Xunlei stock. Acadian Asset Management LLC lifted its stake in shares of Xunlei Limited (NASDAQ:XNET) by 20.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 176,254 shares of the software maker’s stock after purchasing an additional 30,515 shares during the quarter. Acadian Asset Management LLC owned about 0.27% of Xunlei worth $294,000 at the end of the most recent 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 Green Channel and Fast Bird products.