Xunlei Limited (NASDAQ:XNET – Get Free Report) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.70 and traded as low as $1.43. Xunlei shares last traded at $1.50, with a volume of 71,502 shares trading hands.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on Xunlei in a report on Friday. They set a “buy” rating on the stock.
Xunlei Stock Up 2.1 %
Xunlei (NASDAQ:XNET – Get Free Report) last issued its quarterly earnings results on Tuesday, August 15th. The software maker reported $0.08 earnings per share for the quarter. Xunlei had a net margin of 3.16% and a return on equity of 3.87%. The business had revenue of $104.01 million during the quarter.
Institutional Investors Weigh In On Xunlei
Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in Xunlei in the fourth quarter worth about $27,000. QRG Capital Management Inc. bought a new position in shares of Xunlei in the 3rd quarter valued at about $36,000. Millennium Management LLC acquired a new stake in shares of Xunlei during the 2nd quarter worth approximately $35,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of Xunlei during the third quarter worth approximately $36,000. Finally, Renaissance Technologies LLC lifted its holdings in Xunlei by 132.6% in the second quarter. Renaissance Technologies LLC now owns 23,925 shares of the software maker’s stock valued at $47,000 after buying an additional 13,640 shares during the period. 5.15% of the stock is owned by institutional investors and hedge funds.
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.
- Five stocks we like better than Xunlei
- How to Find Undervalued Stocks
- 3 large caps with red hot RSIs with upside
- Where to Find Earnings Call Transcripts
- Johnson Controls International: Nothing but upside for investors
- How to Buy Bitcoin Stock: 3 Easy Ways to Do It
- Unity Software’s resilient rebound post-earnings setback
Receive News & Ratings for Xunlei Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xunlei and related companies with MarketBeat.com's FREE daily email newsletter.