Xunlei Limited (NASDAQ:XNET - Get Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.52 and traded as high as $5.95. Xunlei shares last traded at $5.88, with a volume of 247,736 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen lowered shares of Xunlei from a "buy" rating to a "hold" rating in a research note on Wednesday, May 7th.
View Our Latest Report on XNET
Xunlei Price Performance
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 company has a market cap of $400.43 million, a price-to-earnings ratio of 27.91 and a beta of 0.98. The business has a 50-day moving average price of $4.60 and a 200 day moving average price of $3.53.
Xunlei (NASDAQ:XNET - Get Free Report) last released its earnings results on Thursday, May 15th. The software maker reported ($0.01) earnings per share for the quarter. The business had revenue of $88.45 million for the quarter. Xunlei had a net margin of 4.65% and a return on equity of 4.47%.
Institutional Investors Weigh In On Xunlei
A number of hedge funds and other institutional investors have recently made changes to their positions in XNET. Nomura Holdings Inc. acquired a new position in Xunlei in the first quarter worth approximately $1,965,000. Invesco Ltd. bought a new stake in Xunlei in the first quarter worth approximately $197,000. Marshall Wace LLP bought a new stake in Xunlei in the fourth quarter worth approximately $84,000. Sei Investments Co. acquired a new position in shares of Xunlei during the 4th quarter worth $53,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Xunlei during the 4th quarter worth $52,000. 5.07% of the stock is owned by hedge funds and other institutional investors.
About Xunlei
(
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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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