Xunlei Limited (NASDAQ:XNET - Get Free Report)'s share price 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 Xunlei from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th.
View Our Latest Stock Analysis on Xunlei
Xunlei Trading Up 0.2%
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 50-day simple moving average of $4.52 and a 200 day simple moving average of $3.46. The firm has a market cap of $366.75 million, a PE ratio of 25.57 and a beta of 0.98.
Xunlei (NASDAQ:XNET - Get Free Report) last announced 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 return on equity of 4.47% and a net margin of 4.65%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in XNET. Nomura Holdings Inc. acquired a new position in shares of Xunlei during the 1st quarter worth approximately $1,965,000. Invesco Ltd. acquired a new position in Xunlei in the 1st quarter valued at $197,000. Marshall Wace LLP acquired a new position in Xunlei in the 4th quarter valued at $84,000. Sei Investments Co. acquired a new position in Xunlei in the 4th quarter valued at $53,000. Finally, Russell Investments Group Ltd. acquired a new position in Xunlei in the 4th quarter valued at $52,000. 5.07% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading
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