StockNews.com initiated coverage on shares of Xunlei (NASDAQ:XNET – Get Free Report) in a note issued to investors on Thursday. The firm set a “buy” rating on the software maker’s stock.
Xunlei Trading Down 1.0 %
Shares of NASDAQ XNET opened at $2.04 on Thursday. Xunlei has a twelve month low of $1.36 and a twelve month high of $2.41. The company has a current ratio of 2.70, a quick ratio of 2.68 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $1.78 and a 200-day simple moving average of $1.72. The stock has a market capitalization of $131.33 million, a PE ratio of 7.56 and a beta of 1.15.
Xunlei (NASDAQ:XNET – Get Free Report) last released its earnings results on Tuesday, August 13th. The software maker reported $0.04 EPS for the quarter. Xunlei had a return on equity of 4.47% and a net margin of 4.52%. The firm had revenue of $79.33 million during the quarter.
Institutional Inflows and Outflows
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.
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