StockNews.com began coverage on shares of Xunlei (NASDAQ:XNET – Free Report) in a research note issued to investors on Wednesday. The brokerage issued a buy rating on the software maker’s stock.
Xunlei Stock Up 0.6 %
Shares of NASDAQ XNET opened at $1.57 on Wednesday. The firm has a market cap of $101.59 million, a price-to-earnings ratio of 6.89 and a beta of 1.23. The company has a quick ratio of 2.54, a current ratio of 2.56 and a debt-to-equity ratio of 0.05. Xunlei has a 52-week low of $1.28 and a 52-week high of $2.09. The business’s 50 day moving average is $1.50 and its two-hundred day moving average is $1.53.
Xunlei (NASDAQ:XNET – Get Free Report) last announced its earnings results on Thursday, March 14th. The software maker reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $77.14 million for the quarter. Xunlei had a return on equity of 4.48% and a net margin of 3.90%.
Hedge Funds 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 various products, such as Green Channel.
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