StockNews.com Begins Coverage on Xunlei (NASDAQ:XNET)

Investment analysts at StockNews.com have begun coverage on the stock Xunlei (NASDAQ:XNET – Get a Free Report) in a research report issued on Sunday. The firm set a “buy” rating on the software maker’s stock.

Xunlei trading down 3.7%

XNET opened at $1.55 on Friday. The company has a fifty day moving average price of $1.62 and a 200 day moving average price of $1.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.70, and a quick ratio of 2.68. Xunlei has a 12-month low of $1.36 and a 12-month high of $1.98. The stock has a market cap of $99.46 million, a price-to-earnings ratio of 5.72 and a beta of 1.14.

Xunlei (NASDAQ:XNET – Get Your Free Report ) last announced its quarterly earnings data on Tuesday, August 13th. The software maker reported $0.04 earnings per share (EPS) for the quarter. Xunlei had a return on equity of 4.47% and a net margin of 4.52%. The business had revenue of $79.33 million during the quarter.

Hedge funds affect Xunlei

An institutional investor recently raised its position in Xunlei shares. Rhumbline Advisers raised its stake in Xunlei Limited (NASDAQ:XNET – Free Report) by 42.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent SEC filing. Institutional investors and hedge funds own 5.07% of the company’s shares.

Xunlei Company Profile

(Get a free report)

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 allows users to accelerate digital transmission over the Internet; mobile acceleration plug-in, which provides mobile device users with download speed acceleration benefits and download success rate improvements; and subscription services that provide users with premium services through Green Channel and Fast Bird products.

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