Alliance Entertainment (NASDAQ:AENT) Releases Earnings Results, Misses Expectations By $0.16 EPS

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

Alliance Entertainment Stock Performance

Shares of NASDAQ AENT traded up $0.13 during midday trading on Thursday, reaching $5.18. The company had a trading volume of 173,694 shares, compared to its average volume of 101,832. Alliance Entertainment has a 1 year low of $1.10 and a 1 year high of $11.57. The business’s 50-day simple moving average is $6.69 and its 200 day simple moving average is $4.22. 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 stock has a market cap of $263.97 million, a P/E ratio of 30.47 and a beta of 0.07.

Alliance Entertainment Company Profile

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.