Xunlei Limited (NASDAQ:XNET - Get Free Report) shares were up 11.1% during trading on Wednesday . The company traded as high as $8.14 and last traded at $8.12. Approximately 653,611 shares changed hands during trading, a decline of 37% from the average daily volume of 1,034,449 shares. The stock had previously closed at $7.31.
Analyst Ratings Changes
Separately, Wall Street Zen raised Xunlei from a "hold" rating to a "buy" rating in a report on Saturday, August 16th.
Get Our Latest Analysis on Xunlei
Xunlei Stock Down 4.8%
The company has a debt-to-equity ratio of 0.04, a current ratio of 2.10 and a quick ratio of 2.10. The business has a 50 day simple moving average of $6.10 and a 200 day simple moving average of $5.14. The company has a market capitalization of $484.21 million, a price-to-earnings ratio of 0.68 and a beta of 0.96.
Xunlei (NASDAQ:XNET - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The software maker reported $0.12 earnings per share for the quarter. Xunlei had a return on equity of 4.50% and a net margin of 202.62%.The business had revenue of $103.54 million for the quarter. Xunlei has set its Q3 2025 guidance at EPS.
Hedge Funds Weigh In On Xunlei
Several hedge funds have recently made changes to their positions in the company. XTX Topco Ltd purchased a new position in shares of Xunlei during the first quarter worth about $98,000. Invesco Ltd. purchased a new position in shares of Xunlei during the first quarter worth about $197,000. Russell Investments Group Ltd. grew its holdings in shares of Xunlei by 21.2% during the first quarter. Russell Investments Group Ltd. now owns 29,636 shares of the software maker's stock worth $132,000 after buying an additional 5,190 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Xunlei during the first quarter worth about $1,965,000. Finally, NewEdge Advisors LLC boosted its holdings in 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 purchasing an additional 18,213 shares in the last quarter. Hedge funds and other institutional investors own 5.07% of the company's stock.
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.
Further Reading
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