Shenzhen Xunlei Networking Technologies (NASDAQ:XNET) Raised to “Hold” at BidaskClub

Shenzhen Xunlei Networking Technologies (NASDAQ:XNET) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, April 10th.

Separately, ValuEngine raised shares of Shenzhen Xunlei Networking Technologies from a “sell” rating to a “hold” rating in a report on Friday, February 2nd.

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Shares of Shenzhen Xunlei Networking Technologies stock traded up $0.48 during trading hours on Tuesday, hitting $12.55. The company’s stock had a trading volume of 506,162 shares, compared to its average volume of 3,170,601. Shenzhen Xunlei Networking Technologies has a 1-year low of $3.11 and a 1-year high of $27.00.

Shenzhen Xunlei Networking Technologies (NASDAQ:XNET) last released its quarterly earnings results on Wednesday, March 14th. The software maker reported $0.04 earnings per share for the quarter. The business had revenue of $81.71 million during the quarter. Shenzhen Xunlei Networking Technologies had a negative net margin of 18.00% and a negative return on equity of 9.99%.

Large investors have recently modified their holdings of the stock. PEAK6 Investments L.P. bought a new stake in shares of Shenzhen Xunlei Networking Technologies during the 4th quarter worth about $175,000. Dimensional Fund Advisors LP raised its position in shares of Shenzhen Xunlei Networking Technologies by 92.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 52,378 shares of the software maker’s stock worth $223,000 after buying an additional 25,130 shares in the last quarter. Susquehanna International Group LLP raised its position in shares of Shenzhen Xunlei Networking Technologies by 234.8% during the 3rd quarter. Susquehanna International Group LLP now owns 60,218 shares of the software maker’s stock worth $256,000 after buying an additional 42,230 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Shenzhen Xunlei Networking Technologies during the 3rd quarter worth about $300,000. Finally, State Street Corp raised its position in shares of Shenzhen Xunlei Networking Technologies by 8.6% during the 2nd quarter. State Street Corp now owns 99,693 shares of the software maker’s stock worth $323,000 after buying an additional 7,880 shares in the last quarter. Hedge funds and other institutional investors own 19.82% of the company’s stock.

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Shenzhen Xunlei Networking Technologies 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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