Alset (NASDAQ:AEI) Announces Quarterly Earnings Results

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

Alset Price Performance

AEI opened at $0.99 on Tuesday. The stock’s 50 day simple moving average is $0.94 and its 200 day simple moving average is $1.13. The stock has a market cap of $10.63 million, a P/E ratio of -0.23 and a beta of 1.24. Alset has a 1-year low of $0.46 and a 1-year high of $2.61.

Insider Activity

In related news, CEO Heng Fai Ambrose Chan purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was bought at an average cost of $0.85 per share, with a total value of $42,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 5,938,438 shares in the company, valued at $5,047,672.30. The trade was a 0.85 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 311,304 shares of company stock worth $296,810 over the last 90 days. 62.10% of the stock is currently owned by corporate insiders.

Alset Company Profile

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.