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

StockNews.com initiated coverage on shares of Xunlei (NASDAQ:XNET) in a report published on Sunday. The firm issued a buy rating on the software maker’s stock.

Xunlei Price Performance

Shares of NASDAQ:XNET opened at $1.49 on Friday. The firm has a market cap of $96.42 million, a PE ratio of 6.48 and a beta of 1.23. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.54 and a current ratio of 2.56. Xunlei has a 52 week low of $1.28 and a 52 week high of $2.09. The firm’s fifty day moving average is $1.50 and its 200-day moving average is $1.54.

Xunlei (NASDAQ:XNET) last posted its earnings results on Thursday, March 14th. The software maker reported $0.06 EPS for the quarter. Xunlei had a net margin of 3.90% and a return on equity of 4.48%. The company had revenue of $77.14 million during the quarter.

Institutional Investors Weigh In On Xunlei

Several institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in shares of Xunlei by 69.9% during the first quarter. Envestnet Asset Management Inc. now owns 50,480 shares of the software maker’s stock valued at $89,000 after buying an additional 20,774 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Xunlei by 858.2% during the first quarter. JPMorgan Chase & Co. now owns 25,439 shares of the software maker’s stock valued at $45,000 after buying an additional 22,784 shares during the last quarter. State Street Corp grew its holdings in shares of Xunlei by 16.9% during the first quarter. State Street Corp now owns 67,574 shares of the software maker’s stock valued at $119,000 after buying an additional 9,761 shares during the last quarter. Millennium Management LLC bought a new position in Xunlei during the second quarter valued at approximately $35,000. Finally, UBS Group AG lifted its position in Xunlei by 2,164.5% during the third quarter. UBS Group AG now owns 52,173 shares of the software maker’s stock valued at $73,000 after purchasing an additional 49,869 shares during the period. Hedge funds and other institutional investors 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 various products, such as Green Channel.