Alset (NASDAQ:AEI) Releases Earnings Results

Alset (NASDAQ:AEI) posted its quarterly earnings results on Tuesday. The company reported ($1.41) earnings per share for the quarter, FiscalAI reports. Alset had a negative return on equity of 12.09% and a negative net margin of 105.02%.The company had revenue of $1.30 million for the quarter.

Alset Price Performance

Shares of NASDAQ:AEI opened at $1.76 on Thursday. The stock has a market cap of $68.46 million, a price-to-earnings ratio of -0.62 and a beta of 1.38. Alset has a 12 month low of $0.70 and a 12 month high of $4.55. The stock’s 50 day moving average price is $2.26 and its 200 day moving average price is $2.63.

Institutional Investors Weigh In On Alset

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Alset by 2,757.1% during the 3rd 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 in the last quarter. Empowered Funds LLC increased its holdings in shares of Alset by 10.9% during the 4th quarter. Empowered Funds LLC now owns 111,254 shares of the company’s stock valued at $383,000 after acquiring an additional 10,946 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in Alset by 10.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 111,254 shares of the company’s stock worth $383,000 after purchasing an additional 10,946 shares during the last quarter. Two Sigma Investments LP acquired a new position in Alset during the third quarter valued at approximately $171,000. Finally, Dimensional Fund Advisors LP acquired a new position in Alset during the 4th quarter worth $71,000. 2.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Alset in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Alset currently has an average rating of “Sell”.

About Alset

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.