Xunlei Ltd (NASDAQ:XNET) shares were down 7.2% during mid-day trading on Friday . The company traded as low as $3.61 and last traded at $3.63. Approximately 609,027 shares traded hands during trading, a decline of 36% from the average daily volume of 957,052 shares. The stock had previously closed at $3.91.
A number of research analysts recently issued reports on XNET shares. BidaskClub cut shares of Xunlei from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 18th. ValuEngine cut shares of Xunlei from a “buy” rating to a “hold” rating in a report on Friday, February 8th.
Xunlei (NASDAQ:XNET) last issued its earnings results on Thursday, March 7th. The software maker reported ($0.48) earnings per share (EPS) for the quarter. The firm had revenue of $41.98 million during the quarter. Xunlei had a negative return on equity of 10.77% and a negative net margin of 17.03%.
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About Xunlei (NASDAQ:XNET)
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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