Alset (NASDAQ:AEI) Releases Quarterly Earnings Results

Alset (NASDAQ:AEI) issued its quarterly earnings data on Thursday. The company reported ($0.12) EPS for the quarter, Zacks reports. Alset had a negative return on equity of 41.22% and a negative net margin of 1,060.52%.

Alset Stock Up 1.1%

NASDAQ:AEI traded up $0.02 during mid-day trading on Thursday, hitting $1.82. 7,029 shares of the company traded hands, compared to its average volume of 22,243. The stock’s fifty day moving average price is $1.75 and its 200-day moving average price is $2.41. Alset has a one year low of $0.77 and a one year high of $4.55. The firm has a market cap of $70.80 million, a price-to-earnings ratio of -0.64 and a beta of 1.20.

Insider Transactions at Alset

In other Alset news, CEO Heng Fai Ambrose Chan sold 100,390 shares of the business’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $0.98, for a total transaction of $98,382.20. Following the completion of the sale, the chief executive officer owned 1,891,279 shares of the company’s stock, valued at approximately $1,853,453.42. The trade was a 5.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 90.30% of the company’s stock.

Institutional Trading of Alset

Several hedge funds have recently bought and sold shares of AEI. Dimensional Fund Advisors LP bought a new stake in Alset during the fourth quarter valued at about $71,000. Two Sigma Investments LP bought a new position in shares of Alset in the third quarter worth about $171,000. Bridgeway Capital Management LLC bought a new position in shares of Alset in the third quarter worth about $254,000. Empowered Funds LLC boosted its stake in shares of Alset by 10.9% in the fourth quarter. Empowered Funds LLC now owns 111,254 shares of the company’s stock worth $383,000 after acquiring an additional 10,946 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Alset by 2,757.1% in the third quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock worth $1,564,000 after acquiring an additional 596,572 shares during the period. Institutional investors own 2.74% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alset in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

About Alset

Alset Environmental, Inc (NASDAQ:AEI) is a technology company focused on the development and commercialization of advanced pyrolysis systems for the recycling of end-of-life tires and plastic waste. The firm’s solutions are built around its proprietary HydroPyrolysis Reactor, which uses hydrothermal conditions to break down complex hydrocarbon feedstocks into valuable byproducts. By converting tire rubber and mixed plastics into recovered carbon black, pyrolysis oil, syngas and steel, Alset aims to provide an environmentally sustainable alternative to traditional disposal and incineration methods.

The company’s HydroPyrolysis technology operates at moderate temperatures and pressures to maximize yield and purity of carbon-rich outputs.