Investors Buy Large Volume of Xunlei Call Options (NASDAQ:XNET)

Xunlei Limited (NASDAQ:XNET) saw some unusual options trading on Thursday. Stock traders bought 3,896 call options on the stock. This is an increase of 518% compared to the typical daily volume of 630 call options.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Xunlei from a “strong-buy” rating to a “buy” rating in a report on Friday, March 7th.

Xunlei Stock Performance

NASDAQ XNET opened at $5.10 on Friday. The stock has a market capitalization of $323.30 million, a PE ratio of 22.17 and a beta of 1.04. The business has a 50 day simple moving average of $3.31 and a two-hundred day simple moving average of $2.42. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.92 and a quick ratio of 2.91. Xunlei has a 1-year low of $1.45 and a 1-year high of $5.52.

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

Institutional Investors Weigh In On Xunlei

Institutional investors and hedge funds have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Xunlei by 3.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker’s stock worth $555,000 after acquiring an additional 10,276 shares in the last quarter. Two Sigma Securities LLC bought a new position in shares of Xunlei in the 4th quarter worth $36,000. Russell Investments Group Ltd. bought a new position in shares of Xunlei in the 4th quarter worth $52,000. Sei Investments Co. bought a new position in shares of Xunlei in the 4th quarter worth $53,000. Finally, Marshall Wace LLP purchased a new position in Xunlei during the 4th quarter worth $84,000. 5.07% of the stock is owned by institutional investors.

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.