Xunlei (NASDAQ:XNET) Stock Price Crosses Above 50 Day Moving Average of $1.73

Xunlei Limited (NASDAQ:XNETGet Rating) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $1.73 and traded as high as $2.05. Xunlei shares last traded at $2.05, with a volume of 37,739 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. StockNews.com assumed coverage on Xunlei in a report on Friday, December 9th. They set a “buy” rating for the company. TheStreet raised Xunlei from a “d+” rating to a “c-” rating in a report on Tuesday, November 15th.

Xunlei Stock Up 2.4 %

The firm has a fifty day simple moving average of $1.73 and a 200-day simple moving average of $1.59. The firm has a market cap of $136.22 million, a price-to-earnings ratio of 7.32 and a beta of 1.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.84 and a current ratio of 2.84.

Xunlei (NASDAQ:XNETGet Rating) last announced its quarterly earnings results on Thursday, November 10th. The software maker reported $0.12 earnings per share (EPS) for the quarter. Xunlei had a return on equity of 6.33% and a net margin of 6.13%. The business had revenue of $88.28 million during the quarter.

Institutional Investors Weigh In On Xunlei

Hedge funds and other institutional investors have recently modified their holdings of the company. Millennium Management LLC acquired a new stake in shares of Xunlei during the second quarter worth $35,000. JPMorgan Chase & Co. lifted its holdings in shares of Xunlei by 858.2% during the first quarter. JPMorgan Chase & Co. now owns 25,439 shares of the software maker’s stock worth $45,000 after buying an additional 22,784 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Xunlei by 69.9% during the first quarter. Envestnet Asset Management Inc. now owns 50,480 shares of the software maker’s stock worth $89,000 after buying an additional 20,774 shares in the last quarter. UBS Group AG lifted its holdings in shares of Xunlei by 2,164.5% during the third quarter. UBS Group AG now owns 52,173 shares of the software maker’s stock worth $73,000 after buying an additional 49,869 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Xunlei during the third quarter worth $73,000. Institutional investors and hedge funds own 6.28% of the company’s stock.

Xunlei Company Profile

(Get Rating)

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.

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