StockNews.com started coverage on shares of Xunlei (NASDAQ:XNET – Free Report) in a research note issued to investors on Friday. The firm issued a buy rating on the software maker’s stock.
Xunlei Stock Down 5.9 %
NASDAQ:XNET opened at $1.91 on Friday. 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 stock has a market capitalization of $121.61 million, a P/E ratio of 8.30 and a beta of 1.07. The company’s 50-day simple moving average is $1.82 and its 200-day simple moving average is $1.74. Xunlei has a fifty-two week low of $1.36 and a fifty-two week high of $2.41.
Xunlei (NASDAQ:XNET – Get Free Report) last announced its earnings results on Tuesday, August 13th. The software maker reported $0.04 earnings per share for the quarter. The company had revenue of $79.33 million during the quarter. Xunlei had a net margin of 4.52% and a return on equity of 4.47%.
Institutional Investors Weigh In On Xunlei
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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