Shares of Xunlei Limited (NASDAQ:XNET – Get Rating) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $2.02 and traded as low as $1.89. Xunlei shares last traded at $1.92, with a volume of 41,000 shares trading hands.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of Xunlei in a research report on Friday, December 9th. They issued a "buy" rating for the company. TheStreet raised shares of Xunlei from a "d+" rating to a "c-" rating in a report on Tuesday, November 15th.
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The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $127.68 million, a P/E ratio of 6.86 and a beta of 1.25. The stock has a fifty day moving average of $2.02 and a 200-day moving average of $1.68.
Institutional Trading of Xunlei
Hedge funds have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. raised its stake in Xunlei by 60.6% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 271,871 shares of the software maker's stock worth $495,000 after acquiring an additional 102,595 shares in the last quarter. State Street Corp grew its position in shares of Xunlei by 16.9% during the 1st quarter. State Street Corp now owns 67,574 shares of the software maker's stock worth $119,000 after buying an additional 9,761 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Xunlei by 195.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 55,415 shares of the software maker's stock worth $77,000 after buying an additional 36,674 shares during the period. Jane Street Group LLC acquired a new stake in Xunlei in the 3rd quarter valued at $73,000. Finally, UBS Group AG grew its position in Xunlei by 2,164.5% in the 3rd quarter. UBS Group AG now owns 52,173 shares of the software maker's stock valued at $73,000 after purchasing an additional 49,869 shares during the period. 6.28% of the stock is owned by institutional investors and hedge funds.
Xunlei Company Profile
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Xunlei Ltd. is a holding company, which provides shared cloud computing and blockchain technology services. It provides a wide range of products and services across cloud acceleration, blockchain, shared cloud computing and digital entertainment to deliver an efficient internet experience. The company was founded by Sheng Long Zou and Hao Cheng in December 2002 and is headquartered in Shenzhen, China.
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