Xunlei Limited (NASDAQ:XNET - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $8.44, but opened at $8.20. Xunlei shares last traded at $8.08, with a volume of 102,891 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Xunlei from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th.
Get Our Latest Stock Report on Xunlei
Xunlei Price Performance
The firm has a fifty day simple moving average of $6.38 and a 200 day simple moving average of $5.23. The company has a market capitalization of $517.75 million, a PE ratio of 0.73 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.10 and a current ratio of 2.10.
Xunlei (NASDAQ:XNET - Get Free Report) last announced its quarterly earnings results on Thursday, August 14th. The software maker reported $0.12 earnings per share (EPS) for the quarter. Xunlei had a return on equity of 4.50% and a net margin of 202.62%.The business had revenue of $103.54 million for the quarter. Xunlei has set its Q3 2025 guidance at EPS.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Invesco Ltd. purchased a new position in Xunlei during the 1st quarter worth $197,000. XTX Topco Ltd purchased a new position in Xunlei during the 1st quarter worth $98,000. Nomura Holdings Inc. purchased a new position in Xunlei during the 1st quarter worth $1,965,000. Russell Investments Group Ltd. grew its stake in Xunlei by 21.2% during the 1st quarter. Russell Investments Group Ltd. now owns 29,636 shares of the software maker's stock worth $132,000 after buying an additional 5,190 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in Xunlei by 827.1% during the 2nd quarter. Jane Street Group LLC now owns 88,917 shares of the software maker's stock worth $360,000 after buying an additional 101,146 shares during the last quarter. 5.07% of the stock is currently owned by hedge funds and other institutional investors.
Xunlei Company Profile
(
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.
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