Xunlei (NASDAQ:XNET) Stock Rating Lowered by StockNews.com

Xunlei (NASDAQ:XNET) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Xunlei Stock Down 6.4 %

NASDAQ XNET traded down $0.22 during trading on Monday, reaching $3.22. 1,157,134 shares of the company’s stock were exchanged, compared to its average volume of 419,600. The company has a current ratio of 2.92, a quick ratio of 2.91 and a debt-to-equity ratio of 0.04. Xunlei has a fifty-two week low of $1.46 and a fifty-two week high of $5.52. The company’s fifty day simple moving average is $3.80 and its 200-day simple moving average is $2.65. The firm has a market capitalization of $197.93 million, a PE ratio of 14.00 and a beta of 0.81.

Xunlei (NASDAQ:XNET) last posted its quarterly earnings results on Thursday, March 13th. The software maker reported $0.17 EPS for the quarter. Xunlei had a net margin of 4.65% and a return on equity of 4.47%. The business had revenue of $84.30 million during the quarter.

Institutional Trading of Xunlei

A number of institutional investors have recently bought and sold shares of the company. Two Sigma Securities LLC acquired a new position in Xunlei in the 4th quarter worth about $36,000. Russell Investments Group Ltd. acquired a new stake in Xunlei in the fourth quarter valued at approximately $52,000. Sei Investments Co. bought a new position in shares of Xunlei during the 4th quarter valued at $53,000. Marshall Wace LLP acquired a new stake in shares of Xunlei in the 4th quarter valued at $84,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Xunlei in the third quarter worth $109,000. Institutional investors and hedge funds own 5.07% of the company’s stock.

Xunlei Company Profile

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.