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

Xunlei (NASDAQ:XNET) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Monday.

Xunlei Price Performance

Shares of NASDAQ XNET traded down $0.22 during mid-day trading on Monday, reaching $3.22. 1,157,134 shares of the company traded hands, compared to its average volume of 419,600. Xunlei has a fifty-two week low of $1.46 and a fifty-two week high of $5.52. The firm has a market cap of $197.93 million, a PE ratio of 14.00 and a beta of 0.81. The stock has a fifty day simple moving average of $3.80 and a 200-day simple moving average of $2.65. 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 (NASDAQ:XNET) last posted its quarterly earnings data on Thursday, March 13th. The software maker reported $0.17 EPS for the quarter. The company had revenue of $84.30 million for the quarter. Xunlei had a return on equity of 4.47% and a net margin of 4.65%.

Institutional Trading of Xunlei

A number of hedge funds and other institutional investors have recently made changes to their positions in XNET. Public Employees Retirement System of Ohio bought a new stake in Xunlei during the third quarter worth approximately $109,000. Marshall Wace LLP acquired a new position in shares of Xunlei in the 4th quarter valued at $84,000. Sei Investments Co. acquired a new stake in Xunlei during the 4th quarter worth about $53,000. Russell Investments Group Ltd. purchased a new stake in Xunlei during the fourth quarter valued at about $52,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Xunlei in the fourth quarter worth about $36,000. 5.07% of the stock is currently owned by institutional investors.

About Xunlei

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.