Xunlei (NASDAQ:XNET) Earns Buy Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Xunlei (NASDAQ:XNET) in a note issued to investors on Tuesday. The firm set a “buy” rating on the software maker’s stock.

Xunlei Trading Up 9.8 %

NASDAQ:XNET opened at $2.40 on Tuesday. The firm has a market capitalization of $154.50 million, a P/E ratio of 8.89 and a beta of 1.15. The company has a quick ratio of 2.68, a current ratio of 2.70 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $1.67 and a 200 day moving average of $1.67. Xunlei has a 52 week low of $1.36 and a 52 week high of $2.41.

Xunlei (NASDAQ:XNET) last issued its quarterly earnings data on Tuesday, August 13th. The software maker reported $0.04 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%.

Institutional Investors Weigh In On Xunlei

An institutional investor recently raised its stake in Xunlei stock. Rhumbline Advisers increased its holdings in Xunlei Limited (NASDAQ:XNET) by 42.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,097 shares of the software maker’s stock after acquiring an additional 7,220 shares during the quarter. Rhumbline Advisers’ holdings in Xunlei were worth $40,000 as of its most recent filing with the Securities & Exchange Commission. 5.07% of the stock is currently owned by hedge funds and other institutional investors.

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.