Xunlei (NASDAQ:XNET) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Xunlei (NASDAQ:XNET) in a research note published on Wednesday morning. The brokerage issued a buy rating on the software maker’s stock.

Xunlei Stock Up 3.7 %

NASDAQ XNET opened at $1.94 on Wednesday. Xunlei has a 12 month low of $1.36 and a 12 month high of $2.41. The company has a current ratio of 2.70, a quick ratio of 2.68 and a debt-to-equity ratio of 0.04. The stock has a market cap of $124.89 million, a PE ratio of 7.19 and a beta of 1.15. The stock’s 50 day moving average is $1.71 and its 200 day moving average is $1.69.

Xunlei (NASDAQ:XNET) last released its earnings results on Tuesday, August 13th. The software maker reported $0.04 EPS for the quarter. Xunlei had a net margin of 4.52% and a return on equity of 4.47%. The firm had revenue of $79.33 million for the quarter.

Institutional Investors Weigh In On Xunlei

An institutional investor recently raised its position in Xunlei stock. Rhumbline Advisers grew its position in Xunlei Limited (NASDAQ:XNET) by 42.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,097 shares of the software maker’s stock after acquiring an additional 7,220 shares during the quarter. Rhumbline Advisers’ holdings in Xunlei were worth $40,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 5.07% of the company’s stock.

About Xunlei

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.