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

Key Points

• Xunlei Limited's stock (NASDAQ:XNET) has recently surpassed its 50-day moving average of $6.38, reaching a trading high of $8.45 with significant trading volume of 1,205,022 shares.
• The company's earnings report for the last quarter showed an earnings per share (EPS) of $0.12 and a revenue of $103.54 million, indicating a net margin of over 200%.
• Wall Street analysts upgraded Xunlei's stock rating from "hold" to "buy", signaling positive sentiment towards the company's future performance.

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 $6.38 and traded as high as $8.45. Xunlei shares last traded at $8.44, with a volume of 1,205,022 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Xunlei from a "hold" rating to a "buy" rating in a report on Saturday, August 16th.

Xunlei Price Performance

The company's fifty day moving average is $6.38 and its 200 day moving average is $5.23. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.04. The stock has a market cap of $528.01 million, a PE ratio of 0.74 and a beta of 0.97.

Xunlei (NASDAQ:XNET - Get Free Report) last issued its quarterly earnings data on Thursday, August 14th. The software maker reported $0.12 earnings per share (EPS) for the quarter. Xunlei had a net margin of 202.62% and a return on equity of 4.50%. The company had revenue of $103.54 million during the quarter. Xunlei has set its Q3 2025 guidance at EPS.

Institutional Trading of Xunlei

Several large investors have recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. acquired a new stake in Xunlei in the second quarter valued at approximately $306,000. Jane Street Group LLC grew its position in Xunlei by 827.1% in the second quarter. Jane Street Group LLC now owns 88,917 shares of the software maker's stock valued at $360,000 after acquiring an additional 101,146 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Xunlei during the second quarter worth approximately $219,000. Walleye Capital LLC acquired a new stake in shares of Xunlei during the second quarter worth approximately $51,000. Finally, XTX Topco Ltd grew its position in shares of Xunlei by 244.1% during the second quarter. XTX Topco Ltd now owns 75,032 shares of the software maker's stock worth $304,000 after buying an additional 53,226 shares in the last quarter. Institutional investors and hedge funds own 5.07% of the company's stock.

Xunlei Company Profile

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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