Stock Traders Buy High Volume of Call Options on Xunlei (NASDAQ:XNET)

Xunlei Limited (NASDAQ:XNET) was the target of unusually large options trading on Tuesday. Stock investors purchased 3,207 call options on the company. This represents an increase of approximately 151% compared to the typical volume of 1,276 call options.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xunlei in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Xunlei presently has a consensus rating of “Buy”.

Hedge Funds Weigh In On Xunlei

A number of institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Xunlei during the fourth quarter valued at about $31,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Xunlei in the third quarter valued at about $112,000. Walleye Capital LLC acquired a new stake in Xunlei during the 2nd quarter valued at approximately $51,000. QRG Capital Management Inc. purchased a new stake in Xunlei during the 2nd quarter worth approximately $56,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Xunlei in the 3rd quarter valued at approximately $153,000. Institutional investors and hedge funds own 5.07% of the company’s stock.

Xunlei Price Performance

Shares of NASDAQ XNET opened at $6.72 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.02 and a quick ratio of 2.01. Xunlei has a 1-year low of $2.33 and a 1-year high of $11.03. The company has a market capitalization of $421.95 million, a price-to-earnings ratio of 0.34 and a beta of 0.99. The business has a 50-day moving average of $7.22 and a 200-day moving average of $7.28.

Xunlei (NASDAQ:XNET) last released its quarterly earnings results on Thursday, November 13th. The software maker reported $0.07 EPS for the quarter. The firm had revenue of $125.93 million for the quarter. Xunlei had a return on equity of 2.75% and a net margin of 315.06%.

Xunlei Company Profile

Xunlei Limited (NASDAQ: XNET) is a China-based technology company specializing in content acceleration and cloud services. Its core offerings include the Xunlei download manager, which integrates peer-to-peer (P2P) and cloud-based acceleration technologies to enhance file delivery speeds for large downloads. The company has expanded its suite of products to encompass cloud storage solutions, media streaming applications and mobile browsing tools, all aimed at improving digital content distribution and user experience.

Founded in 2003 and headquartered in Shenzhen, Xunlei originally gained traction by addressing bandwidth constraints in China’s burgeoning internet market.