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

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

Xunlei Trading Down 2.4 %

NASDAQ XNET opened at $2.03 on Friday. Xunlei has a one year low of $1.36 and a one year high of $2.41. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.68 and a current ratio of 2.70. The company has a market capitalization of $130.68 million, a price-to-earnings ratio of 7.52 and a beta of 1.15. The company’s 50-day simple moving average is $1.80 and its two-hundred day simple moving average is $1.73.

Xunlei (NASDAQ:XNET) last released its quarterly earnings data 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 for the quarter. Xunlei had a net margin of 4.52% and a return on equity of 4.47%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Xunlei stock. Rhumbline Advisers raised its holdings in shares of Xunlei Limited (NASDAQ:XNET) by 42.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,097 shares of the software maker’s stock after purchasing an additional 7,220 shares during the period. Rhumbline Advisers’ holdings in Xunlei were worth $40,000 at the end of the most recent quarter. Hedge funds and other 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.