Alliance Entertainment (NASDAQ:AENT) Releases Earnings Results

Alliance Entertainment (NASDAQ:AENT) issued its quarterly earnings results on Thursday. The company reported $0.04 EPS for the quarter, Zacks reports. Alliance Entertainment had a return on equity of 10.26% and a net margin of 0.62%.

Alliance Entertainment Stock Performance

NASDAQ:AENT opened at $2.58 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.24 and a quick ratio of 0.77. The business has a fifty day simple moving average of $3.07 and a two-hundred day simple moving average of $4.76. Alliance Entertainment has a 1 year low of $1.10 and a 1 year high of $11.57. The company has a market capitalization of $131.47 million, a P/E ratio of 19.85 and a beta of 0.32.

Insiders Place Their Bets

In related news, CEO Jeffrey Clinton Walker purchased 36,684 shares of Alliance Entertainment stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $3.85 per share, for a total transaction of $141,354.46. Following the completion of the transaction, the chief executive officer now owns 22,972,762 shares in the company, valued at $88,520,943.81. This trade represents a 0.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 81.90% of the company’s stock.

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.