Xunlei Limited (NASDAQ:XNET - Get Free Report)'s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $5.10 and traded as high as $7.37. Xunlei shares last traded at $7.04, with a volume of 1,718,467 shares traded.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised shares of Xunlei from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th.
Read Our Latest Stock Report on Xunlei
Xunlei Stock Up 2.7%
The company's 50-day moving average is $5.16 and its 200 day moving average is $4.71. The company has a market capitalization of $452.31 million, a PE ratio of 0.64 and a beta of 0.96. 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 data on Thursday, August 14th. The software maker reported $0.12 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 for the quarter. Xunlei has set its Q3 2025 guidance at EPS.
Institutional Trading of Xunlei
Several institutional investors have recently bought and sold shares of the company. Nomura Holdings Inc. purchased a new stake in shares of Xunlei during the 1st quarter valued at about $1,965,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Xunlei by 314.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 196,328 shares of the software maker's stock valued at $795,000 after acquiring an additional 148,982 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Xunlei by 827.1% during the 2nd 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 during the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Xunlei during the 2nd quarter valued at about $306,000. Finally, Marshall Wace LLP purchased a new stake in shares of Xunlei during the 2nd quarter valued at about $219,000. 5.07% of the stock is owned by hedge funds and other institutional investors.
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.
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