Xunlei - XNET Stock Forecast, Price & News

Xunlei Limited, together with its subsidiaries, operates an Internet platform for digital media content in the People's Republic of China. The company's platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. It 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 cloud acceleration subscription services that offer users premium services through various products, such as Green Channel. The company also provides Mobile Xunlei, a mobile application that allows users to search, download, and consume digital media content; Xunlei Media Player, which supports online and offline play of digital media content, as well as simultaneous play of digital media content while it is being transmitted by Xunlei Accelerator; online games through online game website and mobile app; live video streaming and online advertising services; and cloud computing and other internet value-added services. The company was formerly known as Giganology Limited and changed its name to Xunlei Limited in January 2011. Xunlei Limited was founded in 2003 and is based in Shenzhen, the People's Republic of China.

Xunlei Price Performance

Shares of NASDAQ:XNET traded up $0.02 during trading hours on Thursday, hitting $1.62. 86,726 shares of the stock were exchanged, compared to its average volume of 194,175. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.58 and a current ratio of 2.59. The company has a market cap of $109.33 million, a PE ratio of -162.00 and a beta of 1.30. The company's fifty day simple moving average is $1.54 and its two-hundred day simple moving average is $1.55. Xunlei has a 1-year low of $1.08 and a 1-year high of $3.94.

Xunlei (NASDAQ:XNET - Get Rating) last posted its quarterly earnings results on Tuesday, May 17th. The software maker reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $78.77 million for the quarter. Xunlei had a negative net margin of 0.04% and a negative return on equity of 0.03%.