Xunlei (NASDAQ:XNET) Stock Rating Cut to “Sell” at 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 report issued 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 analyst has rated the stock with a Hold rating. According to MarketBeat, Xunlei currently has a consensus rating of “Hold”.

Xunlei Trading Down 3.1%

XNET stock opened at $3.43 on Friday. The company has a market capitalization of $218.63 million, a PE ratio of -0.25 and a beta of 1.13. Xunlei has a one year low of $3.10 and a one year high of $8.29. The company’s 50 day moving average price is $4.37 and its two-hundred day moving average price is $5.35. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.03 and a current ratio of 2.03.

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

Institutional Investors Weigh In On Xunlei

An institutional investor recently bought a new stake in Xunlei stock. Renaissance Technologies LLC purchased a new position in shares of Xunlei Limited (NASDAQ:XNET) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 89,300 shares of the software maker’s stock, valued at approximately $497,000. Renaissance Technologies LLC owned about 0.14% of Xunlei at the end of the most recent reporting period. 5.07% of the stock is currently owned by institutional investors.

About Xunlei

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.