Alset (NASDAQ:AEI – Get Free Report) released its quarterly earnings data on Thursday. The company reported ($0.12) earnings per share for the quarter, Zacks reports. Alset had a negative return on equity of 41.22% and a negative net margin of 1,060.52%.
Alset Trading Up 1.1%
Shares of NASDAQ:AEI traded up $0.02 during mid-day trading on Thursday, reaching $1.82. The stock had a trading volume of 7,029 shares, compared to its average volume of 22,243. The company has a market cap of $70.80 million, a P/E ratio of -0.64 and a beta of 1.20. Alset has a 1 year low of $0.77 and a 1 year high of $4.55. The business’s 50 day moving average price is $1.75 and its 200 day moving average price is $2.41.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alset in a research note on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Alset presently has an average rating of “Sell”.
Insider Activity at Alset
In related news, CEO Heng Fai Ambrose Chan sold 100,390 shares of the business’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $0.98, for a total value of $98,382.20. Following the sale, the chief executive officer directly owned 1,891,279 shares in the company, valued at approximately $1,853,453.42. The trade was a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 90.30% of the company’s stock.
Institutional Investors Weigh In On Alset
Hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP purchased a new stake in shares of Alset in the fourth quarter worth about $71,000. Two Sigma Investments LP purchased a new stake in shares of Alset in the third quarter worth about $171,000. Bridgeway Capital Management LLC purchased a new stake in shares of Alset in the third quarter worth about $254,000. Empowered Funds LLC raised its position in Alset by 10.9% during the fourth quarter. Empowered Funds LLC now owns 111,254 shares of the company’s stock valued at $383,000 after purchasing an additional 10,946 shares during the period. Finally, Vanguard Group Inc. raised its position in Alset by 2,757.1% during the third quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock valued at $1,564,000 after purchasing an additional 596,572 shares during the period. 2.74% of the stock is currently owned by hedge funds and other institutional investors.
Alset Company Profile
Alset Environmental, Inc (NASDAQ:AEI) is a technology company focused on the development and commercialization of advanced pyrolysis systems for the recycling of end-of-life tires and plastic waste. The firm’s solutions are built around its proprietary HydroPyrolysis Reactor, which uses hydrothermal conditions to break down complex hydrocarbon feedstocks into valuable byproducts. By converting tire rubber and mixed plastics into recovered carbon black, pyrolysis oil, syngas and steel, Alset aims to provide an environmentally sustainable alternative to traditional disposal and incineration methods.
The company’s HydroPyrolysis technology operates at moderate temperatures and pressures to maximize yield and purity of carbon-rich outputs.
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