Xunlei (NASDAQ:XNET) issued 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 company had revenue of $47.65 million for the quarter. Xunlei updated its Q3 2019 guidance to EPS.
Shares of NASDAQ:XNET traded down $0.18 during trading hours on Thursday, hitting $2.47. 41,598 shares of the company’s stock traded hands, compared to its average volume of 189,033. Xunlei has a 1 year low of $1.87 and a 1 year high of $10.21. The firm has a fifty day simple moving average of $2.37. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.34 and a quick ratio of 3.20.
Several large investors have recently made changes to their positions in the business. D. E. Shaw & Co. Inc. purchased a new stake in shares of Xunlei in the fourth quarter valued at approximately $98,000. Dimensional Fund Advisors LP boosted its holdings in shares of Xunlei by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 111,322 shares of the software maker’s stock valued at $381,000 after purchasing an additional 7,208 shares during the period. Deutsche Bank AG boosted its holdings in shares of Xunlei by 22,667.3% in the fourth quarter. Deutsche Bank AG now owns 248,391 shares of the software maker’s stock valued at $844,000 after purchasing an additional 247,300 shares during the period. Stevens Capital Management LP purchased a new stake in shares of Xunlei in the first quarter valued at approximately $39,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Xunlei in the first quarter valued at approximately $212,000. Institutional investors and hedge funds own 11.28% of the company’s stock.
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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