Xunlei (NASDAQ:XNET) Now Covered by Analysts at StockNews.com

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

Xunlei Stock Performance

Shares of NASDAQ XNET opened at $1.56 on Wednesday. The firm has a market cap of $100.95 million, a price-to-earnings ratio of 6.78 and a beta of 1.23. Xunlei has a one year low of $1.28 and a one year high of $2.09. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.56 and a quick ratio of 2.54. The stock’s fifty day moving average price is $1.50 and its two-hundred day moving average price is $1.52.

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

Institutional Trading of Xunlei

Several large investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Xunlei by 25.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 261,275 shares of the software maker’s stock valued at $423,000 after buying an additional 53,160 shares in the last quarter. QRG Capital Management Inc. acquired a new stake in Xunlei in the third quarter valued at about $36,000. Finally, Acadian Asset Management LLC boosted its stake in Xunlei by 30.4% in the third quarter. Acadian Asset Management LLC now owns 145,739 shares of the software maker’s stock valued at $233,000 after buying an additional 33,993 shares in the last quarter. 5.07% of the stock is owned by institutional investors and hedge funds.

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.