Alset (NASDAQ:AEI) Announces Quarterly Earnings Results

Alset (NASDAQ:AEI) posted its earnings results on Friday. The company reported $0.13 EPS for the quarter, FiscalAI reports. The firm had revenue of $0.94 million for the quarter. Alset had a negative return on equity of 29.90% and a negative net margin of 951.44%.

Alset Stock Up 32.2%

NASDAQ:AEI traded up $0.13 during mid-day trading on Friday, reaching $0.53. 11,486,461 shares of the stock were exchanged, compared to its average volume of 78,352. The stock has a market capitalization of $20.58 million, a P/E ratio of -0.33 and a beta of 1.63. Alset has a 1 year low of $0.38 and a 1 year high of $3.98. The company has a 50 day simple moving average of $0.74 and a 200-day simple moving average of $1.45.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Alset in a report on Thursday, October 15th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of “Sell”.

Institutional Investors Weigh In On Alset

An institutional investor recently raised its stake in Alset stock. Empowered Funds LLC increased its holdings in shares of Alset Inc. (NASDAQ:AEI) by 9.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 121,467 shares of the company’s stock after purchasing an additional 10,213 shares during the period. Empowered Funds LLC owned 0.31% of Alset worth $223,000 as of its most recent SEC filing. Institutional investors and hedge funds own 2.74% of the company’s stock.

Alset Company Profile

Alset Inc. is a diversified holding company that develops and manages businesses across real estate, healthcare, biotechnology, consumer products and financial services. The company operates through subsidiaries and strategic investments, with an emphasis on building businesses that can support its broader portfolio. Real estate is a central part of Alset’s activities. Through its real estate subsidiaries, the company has pursued residential and commercial development, property management and related services.