Alliance Entertainment (NASDAQ:AENT) Announces Quarterly Earnings Results, Misses Estimates By $0.16 EPS

Alliance Entertainment (NASDAQ:AENT) released its earnings results on Thursday. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.16), Zacks reports. Alliance Entertainment had a return on equity of 9.67% and a net margin of 0.77%.

Alliance Entertainment Stock Down 19.1 %

AENT traded down $0.99 on Friday, hitting $4.19. 241,102 shares of the company were exchanged, compared to its average volume of 92,067. Alliance Entertainment has a twelve month low of $1.10 and a twelve month high of $11.57. The company has a market cap of $213.52 million, a price-to-earnings ratio of 24.65 and a beta of 0.07. The company has a current ratio of 1.34, a quick ratio of 0.60 and a debt-to-equity ratio of 1.13. The firm has a 50-day moving average price of $6.62 and a two-hundred day moving average price of $4.24.

About Alliance Entertainment

Alliance Entertainment Holding Corporation operates as a wholesaler, distributor, and e-commerce provider for the entertainment industry worldwide. It offers vinyl records, video games, digital video discs, blu-rays, toys, compact discs, collectibles, and other entertainment and consumer products. The company also provides third party logistics products and services.