Alset (NASDAQ:AEI) Releases Earnings Results

Alset (NASDAQ:AEI) issued its quarterly earnings data on Monday. The company reported $0.25 earnings per share for the quarter, Zacks reports. The business had revenue of $8.94 million for the quarter. Alset had a negative net margin of 299.22% and a negative return on equity of 42.91%.

Alset Price Performance

Alset stock opened at $0.99 on Wednesday. Alset has a 12-month low of $0.46 and a 12-month high of $2.61. The stock has a market capitalization of $10.63 million, a PE ratio of -0.23 and a beta of 1.24. The firm has a 50 day simple moving average of $0.95 and a 200-day simple moving average of $1.13.

Insiders Place Their Bets

In related news, CEO Heng Fai Ambrose Chan purchased 141,060 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were bought at an average price of $0.99 per share, with a total value of $139,649.40. Following the completion of the acquisition, the chief executive officer now owns 6,179,498 shares of the company’s stock, valued at approximately $6,117,703.02. This represents a 2.34 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders bought 311,304 shares of company stock worth $296,810 over the last ninety days. Company insiders own 62.10% of the company’s stock.

About Alset

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.