Xunlei (NASDAQ:XNET) Stock Gets Downgrade from Wall Street Zen

Xunlei (NASDAQ:XNET) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of Xunlei from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, September 28th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Xunlei Price Performance

Xunlei stock opened at $3.43 on Friday. The stock has a market cap of $218.63 million, a price-to-earnings ratio of -0.25 and a beta of 1.13. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.03. The business has a 50-day simple moving average of $4.37 and a 200 day simple moving average of $5.35. Xunlei has a 52 week low of $3.10 and a 52 week high of $8.29.

Xunlei (NASDAQ:XNET) last released its quarterly earnings results on Thursday, November 12th. The software maker reported ($0.26) earnings per share for the quarter. The business had revenue of $100.82 million during the quarter. Xunlei had a negative net margin of 193.02% and a negative return on equity of 1.21%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Xunlei stock. Public Employees Retirement System of Ohio acquired a new position in Xunlei Limited (NASDAQ:XNET) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 44,783 shares of the software maker’s stock, valued at approximately $251,000. Public Employees Retirement System of Ohio owned approximately 0.07% of Xunlei at the end of the most recent quarter. Hedge funds and other institutional investors own 5.07% of the company’s stock.

Xunlei Company Profile

Xunlei Limited is a Chinese technology company founded in 2003 and headquartered in Shenzhen. It develops internet software and services, including Xunlei, a download and content-delivery platform designed to accelerate file transfers and online access. The company also offers cloud-related services, such as cloud storage and distributed cloud computing. Through its OneThing and related offerings, Xunlei uses shared computing resources to support services including content delivery and data processing.