StockNews.com Begins Coverage on Xunlei (NASDAQ:XNET)

StockNews.com started coverage on shares of Xunlei (NASDAQ:XNET) in a research report released on Sunday. The brokerage issued a buy rating on the software maker’s stock.

Xunlei Price Performance

Xunlei stock opened at $1.65 on Friday. Xunlei has a 52 week low of $1.36 and a 52 week high of $1.98. The company’s 50 day moving average price is $1.62 and its two-hundred day moving average price is $1.64. The stock has a market cap of $105.06 million, a P/E ratio of 6.11 and a beta of 1.14. 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 issued its quarterly earnings results on Tuesday, August 13th. The software maker reported $0.04 EPS for the quarter. Xunlei had a return on equity of 4.47% and a net margin of 4.52%. The company had revenue of $79.33 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Xunlei stock. Acadian Asset Management LLC boosted its position in Xunlei Limited (NASDAQ:XNET) by 20.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 176,254 shares of the software maker’s stock after purchasing an additional 30,515 shares during the period. Acadian Asset Management LLC owned about 0.27% of Xunlei worth $294,000 as of its most recent SEC filing. 5.07% of the stock is owned by 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.