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

StockNews.com assumed coverage on shares of Xunlei (NASDAQ:XNET) in a report published on Friday. The brokerage issued a buy rating on the software maker’s stock.

Xunlei Stock Performance

Xunlei stock opened at $1.91 on Friday. The stock’s 50-day moving average is $1.82 and its 200-day moving average is $1.74. The company has a market cap of $121.61 million, a price-to-earnings ratio of 8.30 and a beta of 1.07. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70 and a quick ratio of 2.68. Xunlei has a 12 month low of $1.42 and a 12 month high of $2.41.

Xunlei (NASDAQ:XNET) last issued its 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. Rhumbline Advisers raised its position in Xunlei Limited (NASDAQ:XNET) by 42.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,097 shares of the software maker’s stock after acquiring an additional 7,220 shares during the period. Rhumbline Advisers’ holdings in Xunlei were worth $40,000 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.