Xunlei (NASDAQ:XNET) Downgraded to Hold Rating by StockNews.com

StockNews.com lowered shares of Xunlei (NASDAQ:XNET) from a buy rating to a hold rating in a research note issued to investors on Monday.

Xunlei Trading Down 6.4 %

Xunlei stock opened at $3.22 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.92 and a quick ratio of 2.91. The firm has a 50-day moving average of $3.80 and a 200-day moving average of $2.65. The company has a market cap of $197.93 million, a price-to-earnings ratio of 14.00 and a beta of 0.81. Xunlei has a one year low of $1.46 and a one year high of $5.52.

Xunlei (NASDAQ:XNET) last posted its quarterly earnings results on Thursday, March 13th. The software maker reported $0.17 earnings per share 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of XNET. Two Sigma Securities LLC acquired a new stake in Xunlei in the 4th quarter valued at about $36,000. Russell Investments Group Ltd. acquired a new stake in shares of Xunlei in the fourth quarter valued at approximately $52,000. Sei Investments Co. acquired a new stake in shares of Xunlei in the fourth quarter valued at approximately $53,000. Marshall Wace LLP bought a new stake in Xunlei in the 4th quarter valued at $84,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Xunlei during the 3rd quarter valued at $109,000. 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 Green Channel and Fast Bird products.