Xunlei (NASDAQ:XNET) Shares Pass Above Fifty Day Moving Average of $1.94

Shares of Xunlei Limited (NASDAQ:XNET – Get Rating) passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.94 and traded as high as $2.18. Xunlei shares last traded at $2.15, with a volume of 188,799 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. TheStreet upgraded Xunlei from a “d+” rating to a “c-” rating in a report on Tuesday, November 15th. StockNews.com initiated coverage on Xunlei in a research note on Friday, December 9th. They issued a “buy” rating for the company.

Xunlei Stock Up 1.4 %

The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $1.94 and a 200 day simple moving average of $1.63. The stock has a market cap of $142.97 million, a price-to-earnings ratio of 7.68 and a beta of 1.21.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of XNET. Millennium Management LLC purchased a new position in shares of Xunlei during the second quarter valued at approximately $35,000. JPMorgan Chase & Co. boosted its position 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 valued at $45,000 after buying an additional 22,784 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Xunlei during the third quarter valued at approximately $73,000. UBS Group AG boosted its position 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 valued at $73,000 after buying an additional 49,869 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in shares of Xunlei by 195.7% during the third quarter. Envestnet Asset Management Inc. now owns 55,415 shares of the software maker’s stock valued at $77,000 after buying an additional 36,674 shares during the last quarter. Hedge funds and other institutional investors own 6.28% of the company’s stock.

Xunlei Company Profile

(Get Rating)

Xunlei Ltd. is a holding company, which provides shared cloud computing and blockchain technology services. It provides a wide range of products and services across cloud acceleration, blockchain, shared cloud computing and digital entertainment to deliver an efficient internet experience. The company was founded by Sheng Long Zou and Hao Cheng in December 2002 and is headquartered in Shenzhen, China.