Xunlei Ltd (NASDAQ:XNET)’s share price was down 6.6% on Friday . The company traded as low as $13.31 and last traded at $13.39. Approximately 2,143,338 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 5,528,783 shares. The stock had previously closed at $14.34.
A number of equities analysts recently weighed in on XNET shares. BidaskClub upgraded shares of Xunlei from a “hold” rating to a “buy” rating in a research report on Friday, December 29th. TheStreet upgraded shares of Xunlei from a “d+” rating to a “c-” rating in a research report on Monday, November 13th. Finally, ValuEngine lowered shares of Xunlei from a “hold” rating to a “sell” rating in a research report on Friday, December 1st.
Xunlei (NASDAQ:XNET) last released its earnings results on Thursday, November 16th. The software maker reported ($0.38) EPS for the quarter. Xunlei had a negative net margin of 29.18% and a negative return on equity of 12.38%. The business had revenue of $47.32 million during the quarter.
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Xunlei Company Profile
Xunlei Limited (Xunlei) is a cloud-based acceleration technology company. The Company operates an Internet platform in China based on cloud computing to enable users to access, manage and consume digital media content. The Company’s segment is the operation of its online media platform. The Company’s products and services include Xunlei Accelerator, which enables users to accelerate digital transmission over the Internet, and cloud acceleration subscription services, which offer user services for speed and reliability.
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