Xunlei Upgraded to Strong-Buy by StockNews.com

Xunlei (NASDAQ:XNET) received an upgrade from analysts at StockNews.com, moving its rating from "buy" to "strong-buy" in a report released on Monday.

Xunlei Stock Performance

On Monday, Xunlei's stock opened at $2.11. The company possesses a market capitalization of $133.76 million. It has a price-to-earnings ratio of 9.17, indicating its stock price relative to its earnings. The stock also has a beta of 1.05, showing its volatility compared to the market. Over the past year, Xunlei has experienced a low of $1.45 and a high of $2.41. The company's financial health can be observed through its debt-to-equity ratio, which stands at a low 0.04, alongside a quick ratio of 2.91 and a current ratio of 2.92, suggesting it can cover its short-term liabilities. Additionally, Xunlei's fifty-day moving average stands at $2.03, while the 200-day moving average is at $1.84.

Institutional Inflows and Outflows

Recent activity from institutional investors shows a positive trend for Xunlei. Rhumbline Advisers increased its holdings by 42.8% during the second quarter, now owning 24,097 shares valued at around $40,000 after acquiring an additional 7,220 shares last quarter. Connor Clark & Lunn Investment Management Ltd. also raised its stake by 3.5% in the third quarter, now holding 300,092 shares worth approximately $555,000 after purchasing another 10,276 shares during that period. Furthermore, Acadian Asset Management LLC grew its position by 20.9% in the second quarter, with 176,254 shares now valued at $294,000 following a buy of 30,515 additional shares. Lastly, the Public Employees Retirement System of Ohio added a new position in Xunlei during the third quarter valued at around $109,000. Currently, institutional investors own about 5.07% of Xunlei’s stock.

About Xunlei

Xunlei Limited operates an internet platform for digital media content in China, utilizing cloud technology to allow users to access, store, manage, and consume digital media. The company provides various products, including the Xunlei Accelerator, which enhances digital transmission speeds over the internet. Additionally, it offers a mobile acceleration plug-in, designed to improve download speeds and success rates for mobile users, along with premium subscription services through its Green Channel and Fast Bird products.

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