Alset (NASDAQ:AEI) Stock Jumps 4.1% – Still a Buy?

Shares of Alset Inc. (NASDAQ:AEI) rose 4.1% on Friday. The company traded as high as $0.7850 and last traded at $0.7843. 17,216 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 51,915 shares. The stock had previously closed at $0.7535.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alset in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Alset currently has an average rating of “Sell”.

Alset Stock Performance

The business has a 50 day moving average of $1.19 and a two-hundred day moving average of $1.45. The firm has a market capitalization of $30.51 million, a price-to-earnings ratio of -0.48 and a beta of 1.29.

Alset (NASDAQ:AEI) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.14) EPS for the quarter. Alset had a negative net margin of 951.44% and a negative return on equity of 29.90%. The firm had revenue of $0.99 million during the quarter.

Institutional Trading of Alset

A hedge fund recently raised its position in Alset stock. Empowered Funds LLC grew its holdings in shares of Alset Inc. (NASDAQ:AEI) by 9.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,467 shares of the company’s stock after buying an additional 10,213 shares during the quarter. Empowered Funds LLC owned 0.31% of Alset worth $223,000 at the end of the most recent reporting period. 2.74% of the stock is owned by institutional investors.

Alset Company Profile

Alset Inc is a diversified holding company that operates through subsidiaries and investments in real estate, financial services, health and wellness, and related businesses. Its activities have included residential and commercial real estate development, property management, and the provision of services connected with real estate projects.

The company has also pursued opportunities in the biohealth and wellness sectors, including businesses focused on health-related products and services.