Xunlei Ltd (NASDAQ:XNET) dropped 6.9% during mid-day trading on Monday . The company traded as low as $5.80 and last traded at $5.97. Approximately 506,540 shares were traded during trading, a decline of 68% from the average daily volume of 1,602,109 shares. The stock had previously closed at $6.41.
XNET has been the subject of a number of research analyst reports. BidaskClub lowered shares of Xunlei from a “hold” rating to a “sell” rating in a report on Saturday, September 8th. TheStreet lowered shares of Xunlei from a “c-” rating to a “d” rating in a report on Thursday, August 16th.
Xunlei (NASDAQ:XNET) last announced its quarterly earnings data on Wednesday, August 15th. The software maker reported $0.01 earnings per share (EPS) for the quarter. Xunlei had a negative net margin of 4.65% and a negative return on equity of 3.89%. The business had revenue of $65.39 million during the quarter.
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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