Alset (NASDAQ:AEI) Posts Earnings Results

Alset (NASDAQ:AEI) issued its earnings results on Monday. The company reported $0.25 EPS for the quarter, Zacks reports. Alset had a negative net margin of 299.22% and a negative return on equity of 42.91%.

Alset Stock Down 3.9 %

Shares of NASDAQ:AEI traded down $0.04 during trading on Monday, hitting $0.99. The stock had a trading volume of 49,071 shares, compared to its average volume of 306,940. The company has a market capitalization of $10.63 million, a PE ratio of -0.23 and a beta of 1.24. The firm’s fifty day moving average is $0.94 and its 200 day moving average is $1.13. Alset has a 12 month low of $0.46 and a 12 month high of $2.61.

Insider Activity at Alset

In related news, CEO Heng Fai Ambrose Chan acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were bought at an average price of $0.85 per share, for a total transaction of $42,500.00. Following the completion of the transaction, the chief executive officer now directly owns 5,938,438 shares in the company, valued at approximately $5,047,672.30. This trade represents a 0.85 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have bought 311,304 shares of company stock valued at $296,810. 62.10% of the stock is owned by insiders.

Alset Company Profile

Alset Inc engages in the real estate development, financial services, digital transformation technologies, biohealth activities, and consumer products businesses in the United States, Singapore, Hong Kong, Australia, and South Korea. It operates through four segments: Real Estate, Digital Transformation Technology, Biohealth, and Other Business Activities segments.