Alset Inc. (NASDAQ:AEI – Get Free Report) shares fell 7.4% on Friday. The company traded as low as $0.5799 and last traded at $0.5970. Approximately 62,177 shares traded hands during mid-day trading, an increase of 24% from the average daily volume of 50,234 shares. The stock had previously closed at $0.6450.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alset in a report on Thursday. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell”.
Check Out Our Latest Stock Report on Alset
Alset Stock Down 7.4%
The company has a 50 day moving average of $1.08 and a 200 day moving average of $1.33. The stock has a market capitalization of $23.22 million, a price-to-earnings ratio of -0.37 and a beta of 1.47.
Alset (NASDAQ:AEI – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.14) earnings per share for the quarter. The firm had revenue of $0.99 million during the quarter. Alset had a negative net margin of 951.44% and a negative return on equity of 29.90%.
Institutional Investors Weigh In On Alset
A hedge fund recently raised its position in Alset stock. Empowered Funds LLC raised its stake in shares of Alset Inc. (NASDAQ:AEI – Free Report) by 9.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 121,467 shares of the company’s stock after buying an additional 10,213 shares during the period. Empowered Funds LLC owned 0.31% of Alset worth $223,000 at the end of the most recent quarter. 2.74% of the stock is currently owned by institutional investors and hedge funds.
Alset Company Profile
Alset, Inc (NASDAQ: AEI) is a diversified holding company that operates through a portfolio of subsidiaries and investments. Its business activities have included real estate development and investment, financial services, biohealth, and digital transformation technology. The company has also pursued opportunities related to wellness and consumer-oriented businesses.
Through its real estate operations, Alset has been involved in residential community development and related property activities, including projects in the United States.
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