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

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

Xunlei Stock Performance

Shares of Xunlei stock opened at $1.48 on Tuesday. The business has a 50-day simple moving average of $1.50 and a 200-day simple moving average of $1.53. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.54 and a current ratio of 2.56. The company has a market cap of $95.77 million, a PE ratio of 6.44 and a beta of 1.23. Xunlei has a one year low of $1.28 and a one year high of $2.09.

Xunlei (NASDAQ:XNET) last issued its quarterly earnings data on Thursday, March 14th. The software maker reported $0.06 earnings per share for the quarter. Xunlei had a return on equity of 4.48% and a net margin of 3.90%. The company had revenue of $77.14 million during the quarter.

Institutional Trading of Xunlei

Large investors have recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its stake 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 valued at $89,000 after acquiring an additional 20,774 shares during the last quarter. JPMorgan Chase & Co. lifted its position in 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 during the period. State Street Corp lifted its position in Xunlei by 16.9% during the first quarter. State Street Corp now owns 67,574 shares of the software maker’s stock worth $119,000 after buying an additional 9,761 shares during the period. Millennium Management LLC purchased a new position in Xunlei during the second quarter worth about $35,000. Finally, UBS Group AG lifted its position in 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 during the period. 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 various products, such as Green Channel.