Xunlei (NASDAQ:XNET) released its quarterly earnings data on Wednesday. The software maker reported ($0.03) earnings per share for the quarter, Morningstar.com reports. Xunlei had a negative return on equity of 15.42% and a negative net margin of 28.88%. The business had revenue of $47.65 million during the quarter. Xunlei updated its Q3 2019 guidance to EPS.

Shares of NASDAQ:XNET traded down $0.18 during trading on Thursday, hitting $2.47. The stock had a trading volume of 41,598 shares, compared to its average volume of 189,033. Xunlei has a 12 month low of $1.87 and a 12 month high of $10.21. The company has a fifty day moving average of $2.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.20 and a current ratio of 3.34.

Separately, ValuEngine upgraded Xunlei from a “hold” rating to a “buy” rating in a report on Thursday, August 1st.

Several large investors have recently made changes to their positions in XNET. Dimensional Fund Advisors LP raised its position in shares of Xunlei by 6.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 111,322 shares of the software maker’s stock worth $381,000 after acquiring an additional 7,208 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Xunlei by 42.7% in the 4th quarter. Geode Capital Management LLC now owns 27,553 shares of the software maker’s stock worth $93,000 after purchasing an additional 8,244 shares in the last quarter. D. E. Shaw & Co. Inc. bought a new stake in shares of Xunlei in the 4th quarter worth $98,000. Jane Street Group LLC increased its holdings in shares of Xunlei by 171.9% in the 4th quarter. Jane Street Group LLC now owns 33,207 shares of the software maker’s stock worth $113,000 after purchasing an additional 20,992 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in shares of Xunlei by 22,667.3% in the 4th quarter. Deutsche Bank AG now owns 248,391 shares of the software maker’s stock worth $844,000 after purchasing an additional 247,300 shares in the last quarter. 11.28% of the stock is owned by hedge funds and other institutional investors.

Xunlei Company Profile

Xunlei Limited, a cloud-based acceleration technology company, operates an Internet platform for digital media content in the People's Republic of China. The company's platform is based on cloud computing that enables users to access, manage, and consume digital media content. It offers Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet; and cloud acceleration subscription services that offer users premium services through various products, such as Green Channel and Offline Accelerator.

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Earnings History for Xunlei (NASDAQ:XNET)

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