Xunlei (NASDAQ:XNET) Stock Crosses Above Fifty Day Moving Average - Should You Sell?

Key Points

• Xunlei stock crossed above its 50‑day moving average, trading as high as $6.46 versus the 50‑day at $5.91 (200‑day at $7.13) on volume of 163,365 shares.
• Analyst sentiment softened after Weiss Ratings downgraded Xunlei from "buy (b-)" to "hold (c+)," and MarketBeat shows a consensus rating of "Hold."
• Financials and ownership are mixed: market cap ≈ $406M, P/E 0.39, last quarter EPS $0.02 on $143.3M revenue and a reported net margin of 227.29%, while institutional ownership is about 5% with several funds adding to positions.

Xunlei Limited (NASDAQ:XNET - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $5.91 and traded as high as $6.46. Xunlei shares last traded at $6.46, with a volume of 163,365 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Xunlei from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, February 5th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold".

Xunlei Stock Performance

The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a market cap of $406.04 million, a P/E ratio of 0.39 and a beta of 1.06. The company's 50 day moving average price is $5.91 and its 200-day moving average price is $7.13.

Xunlei (NASDAQ:XNET - Get Free Report) last posted its quarterly earnings data on Saturday, February 14th. The software maker reported $0.02 EPS for the quarter. The firm had revenue of $143.28 million during the quarter. Xunlei had a net margin of 227.29% and a return on equity of 1.41%.

Institutional Trading of Xunlei

A number of hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new stake in Xunlei during the fourth quarter worth $38,000. Susquehanna Fundamental Investments LLC bought a new stake in Xunlei during the fourth quarter worth $224,000. Schonfeld Strategic Advisors LLC lifted its holdings in Xunlei by 4.6% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 52,889 shares of the software maker's stock worth $375,000 after acquiring an additional 2,313 shares during the period. Stonehill Capital Management LLC lifted its holdings in Xunlei by 307.2% during the fourth quarter. Stonehill Capital Management LLC now owns 976,385 shares of the software maker's stock worth $6,923,000 after acquiring an additional 736,583 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Xunlei by 3.7% in the 4th quarter. Public Employees Retirement System of Ohio now owns 57,331 shares of the software maker's stock worth $406,000 after buying an additional 2,047 shares during the last quarter. 5.07% of the stock is currently owned by institutional investors.

Xunlei Company Profile

Xunlei Limited NASDAQ: XNET is a China-based technology company specializing in content acceleration and cloud services. Its core offerings include the Xunlei download manager, which integrates peer-to-peer (P2P) and cloud-based acceleration technologies to enhance file delivery speeds for large downloads. The company has expanded its suite of products to encompass cloud storage solutions, media streaming applications and mobile browsing tools, all aimed at improving digital content distribution and user experience.

Founded in 2003 and headquartered in Shenzhen, Xunlei originally gained traction by addressing bandwidth constraints in China's burgeoning internet market.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.