Alliance Entertainment (NASDAQ:AENT) Sets New 52-Week High – Still a Buy?

Alliance Entertainment Holding Co. (NASDAQ:AENT)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $11.57 and last traded at $10.51, with a volume of 23705 shares. The stock had previously closed at $10.26.

Alliance Entertainment Stock Down 6.5 %

The company has a quick ratio of 0.60, a current ratio of 1.34 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $472.88 million, a PE ratio of 54.59 and a beta of 0.13. The business has a 50-day moving average price of $6.04 and a 200-day moving average price of $3.65.

Institutional Trading of Alliance Entertainment

A hedge fund recently bought a new stake in Alliance Entertainment stock. Perritt Capital Management Inc bought a new stake in Alliance Entertainment Holding Co. (NASDAQ:AENT) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 40,000 shares of the company’s stock, valued at approximately $120,000. Perritt Capital Management Inc owned 0.08% of Alliance Entertainment at the end of the most recent quarter. Institutional investors and hedge funds own 0.27% of the company’s stock.

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.