Xunlei Limited (NASDAQ:XNET – Get Rating)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.68 and traded as low as $1.18. Xunlei shares last traded at $1.32, with a volume of 238,272 shares traded.
Separately, StockNews.com initiated coverage on shares of Xunlei in a report on Thursday, March 31st. They issued a “hold” rating on the stock.
The stock has a market cap of $89.08 million, a P/E ratio of -132.00 and a beta of 1.58. The firm’s fifty day moving average price is $1.36 and its two-hundred day moving average price is $1.68. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.59 and a quick ratio of 2.58.
Xunlei (NASDAQ:XNET – Get Rating) last released its quarterly earnings results on Tuesday, May 17th. The software maker reported $0.08 earnings per share for the quarter. The firm had revenue of $78.77 million for the quarter. Xunlei had a negative net margin of 0.04% and a negative return on equity of 0.03%.
A number of large investors have recently made changes to their positions in XNET. Renaissance Technologies LLC grew its position in Xunlei by 97.5% in the fourth quarter. Renaissance Technologies LLC now owns 817,463 shares of the software maker’s stock worth $1,643,000 after acquiring an additional 403,601 shares in the last quarter. Marshall Wace LLP grew its position in Xunlei by 378.9% in the fourth quarter. Marshall Wace LLP now owns 493,697 shares of the software maker’s stock worth $992,000 after acquiring an additional 390,615 shares in the last quarter. Millennium Management LLC purchased a new position in Xunlei in the fourth quarter worth $194,000. D. E. Shaw & Co. Inc. grew its position in Xunlei by 12.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 518,679 shares of the software maker’s stock worth $1,042,000 after acquiring an additional 56,491 shares in the last quarter. Finally, BNP Paribas Arbitrage SA purchased a new position in Xunlei in the fourth quarter worth $75,000. Institutional investors own 12.51% of the company’s stock.
About Xunlei (NASDAQ:XNET)
Xunlei Limited, together with its subsidiaries, operates an Internet platform for digital media content in the People’s Republic of China. The company’s platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. It 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 cloud acceleration subscription services that offer users premium services through various products, such as Green Channel.
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