Xunlei Limited (NASDAQ:XNET - Get Free Report) was the recipient of some unusual options trading activity on Wednesday. Investors bought 4,765 call options on the company. This represents an increase of approximately 281% compared to the typical volume of 1,252 call options.
Institutional Investors Weigh In On Xunlei
A number of hedge funds and other institutional investors have recently modified their holdings of XNET. Sei Investments Co. acquired a new stake in shares of Xunlei during the 4th quarter valued at approximately $53,000. Russell Investments Group Ltd. acquired a new position in Xunlei during the fourth quarter worth $52,000. Marshall Wace LLP acquired a new position in Xunlei during the fourth quarter worth $84,000. Two Sigma Securities LLC acquired a new position in Xunlei during the fourth quarter worth $36,000. Finally, XTX Topco Ltd acquired a new position in shares of Xunlei during the 1st quarter worth $98,000. 5.07% of the stock is currently owned by institutional investors and hedge funds.
Xunlei Price Performance
Shares of XNET traded up $0.59 during mid-day trading on Thursday, hitting $5.55. The company's stock had a trading volume of 1,532,005 shares, compared to its average volume of 539,422. Xunlei has a 1-year low of $1.46 and a 1-year high of $7.19. The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. The firm has a 50-day simple moving average of $4.63 and a 200 day simple moving average of $3.54. The firm has a market capitalization of $346.16 million, a P/E ratio of 24.13 and a beta of 0.98.
Xunlei (NASDAQ:XNET - Get Free Report) last released its earnings results on Thursday, May 15th. The software maker reported ($0.01) EPS for the quarter. Xunlei had a net margin of 4.65% and a return on equity of 4.47%. The business had revenue of $88.45 million during the quarter.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded shares of Xunlei from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.
Read Our Latest Stock Analysis on XNET
About Xunlei
(
Get Free Report)
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.
See Also
Before you consider Xunlei, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xunlei wasn't on the list.
While Xunlei currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
