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

Stock analysts at StockNews.com initiated coverage on shares of Xunlei (NASDAQ:XNET) in a research note issued on Sunday. The brokerage set a “buy” rating on the software maker’s stock.

Xunlei Stock Performance

Shares of Xunlei stock opened at $1.55 on Friday. The company has a quick ratio of 2.68, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. Xunlei has a 52 week low of $1.36 and a 52 week high of $1.98. The firm has a market capitalization of $99.46 million, a P/E ratio of 5.72 and a beta of 1.14. The company has a 50 day moving average price of $1.62 and a 200 day moving average price of $1.64.

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

Hedge Funds Weigh In On Xunlei

An institutional investor recently raised its position in Xunlei stock. Acadian Asset Management LLC boosted its holdings in Xunlei Limited (NASDAQ:XNET) by 20.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 176,254 shares of the software maker’s stock after acquiring an additional 30,515 shares during the period. Acadian Asset Management LLC owned 0.27% of Xunlei worth $294,000 at the end of the most recent reporting period. Institutional investors 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.