Xunlei Limited (NASDAQ:XNET - Get Free Report)'s share 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 trading hands.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Xunlei from a "hold" rating to a "buy" rating in a report on Saturday, August 16th.
Read Our Latest Report on XNET
Xunlei Stock Performance
The company's fifty day moving average price is $5.28 and its 200 day moving average price is $4.75. The company has a market cap of $476.70 million, a PE ratio of 0.67 and a beta of 0.97. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.10 and a quick ratio of 2.10.
Xunlei (NASDAQ:XNET - Get Free Report) last announced its earnings results 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 during the quarter. Xunlei has set its Q3 2025 guidance at EPS.
Institutional Investors Weigh In On Xunlei
Large investors have recently made changes to their positions in the business. Nomura Holdings Inc. purchased a new stake in Xunlei in the 1st quarter worth about $1,965,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in 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 buying an additional 148,982 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Xunlei by 827.1% during the second quarter. Jane Street Group LLC now owns 88,917 shares of the software maker's stock worth $360,000 after purchasing an additional 101,146 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in shares of Xunlei during the second quarter worth about $306,000. Finally, XTX Topco Ltd grew its holdings 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 purchasing an additional 53,226 shares in the last quarter. 5.07% of the stock is owned by hedge funds and other institutional investors.
Xunlei Company Profile
(
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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.
Further Reading
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