Xunlei (NASDAQ:XNET) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of Xunlei Limited (NASDAQ:XNET) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $2.02 and traded as high as $2.10. Xunlei shares last traded at $2.05, with a volume of 97,526 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com downgraded Xunlei from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 17th.

Xunlei Trading Down 2.4 %

The company has a quick ratio of 2.91, a current ratio of 2.92 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average is $2.02 and its 200-day moving average is $1.83. The stock has a market capitalization of $129.95 million, a price-to-earnings ratio of 8.91 and a beta of 1.05.

Institutional Investors Weigh In On Xunlei

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its position in shares of Xunlei by 42.8% during the 2nd quarter. Rhumbline Advisers now owns 24,097 shares of the software maker’s stock worth $40,000 after purchasing an additional 7,220 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Xunlei during the third quarter worth about $109,000. Acadian Asset Management LLC increased its position in shares of Xunlei by 20.9% during the second quarter. Acadian Asset Management LLC now owns 176,254 shares of the software maker’s stock valued at $294,000 after acquiring an additional 30,515 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Xunlei by 3.5% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 300,092 shares of the software maker’s stock valued at $555,000 after acquiring an additional 10,276 shares during the period. Hedge funds and other institutional investors own 5.07% of the company’s stock.

About Xunlei

Xunlei Limited, together with its subsidiaries, operates an internet platform for digital media content in the People's Republic of China. Its platform is based on cloud technology that enables users to access, store, manage, and consume digital media content. The company offers Xunlei Accelerator, which enables users to accelerate digital transmission over the internet; mobile acceleration plug-in, which provides mobile device users with benefits of download speed acceleration and download success rate improvements; and subscription services that offer users premium services through Green Channel and Fast Bird products.