Xunlei (NASDAQ:XNET) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Xunlei (NASDAQ:XNET) in a research note published on Saturday morning. The firm issued a buy rating on the software maker’s stock.

Xunlei Trading Up 2.5 %

NASDAQ:XNET opened at $1.62 on Friday. Xunlei has a 12 month low of $1.36 and a 12 month high of $1.98. The firm has a fifty day simple moving average of $1.63 and a 200-day simple moving average of $1.64. The company has a current ratio of 2.70, a quick ratio of 2.68 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $104.29 million, a P/E ratio of 6.00 and a beta of 1.14.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Xunlei stock. Rhumbline Advisers boosted its holdings in shares of Xunlei Limited (NASDAQ:XNET) by 42.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,097 shares of the software maker’s stock after purchasing an additional 7,220 shares during the period. Rhumbline Advisers’ holdings in Xunlei were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 5.07% of the stock is owned by hedge funds and other institutional investors.

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.