Shares of Xunlei Limited (NASDAQ:XNET - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.88 and traded as low as $4.19. Xunlei shares last traded at $4.30, with a volume of 934,251 shares trading hands.
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.
Read Our Latest Report on Xunlei
Xunlei Trading Down 4.0%
The firm has a market capitalization of $255.72 million, a price-to-earnings ratio of -68.32 and a beta of 0.98. The firm's 50 day moving average is $4.93 and its 200 day moving average is $3.75. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.09.
Xunlei (NASDAQ:XNET - Get Free Report) last released its earnings results on Thursday, May 15th. The software maker reported ($0.01) EPS for the quarter. Xunlei had a negative net margin of 0.97% and a positive return on equity of 5.39%. The business had revenue of $88.45 million for the quarter.
Institutional Investors Weigh In On Xunlei
Several hedge funds have recently made changes to their positions in XNET. Two Sigma Securities LLC purchased a new stake in shares of Xunlei in the 4th quarter valued at approximately $36,000. Russell Investments Group Ltd. purchased a new stake in shares of Xunlei in the 4th quarter valued at approximately $52,000. Sei Investments Co. purchased a new stake in shares of Xunlei in the 4th quarter valued at approximately $53,000. NewEdge Advisors LLC lifted its position in shares of Xunlei by 9,106.5% in the 1st quarter. NewEdge Advisors LLC now owns 18,413 shares of the software maker's stock valued at $83,000 after acquiring an additional 18,213 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Xunlei in the 4th quarter valued at approximately $84,000. Hedge funds and other institutional investors own 5.07% of the company's stock.
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.
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