Alset (NASDAQ:AEI) Releases Earnings Results

Alset (NASDAQ:AEI) issued its earnings results on Friday. The company reported ($0.14) EPS for the quarter, Zacks reports. Alset had a negative net margin of 994.62% and a negative return on equity of 34.67%.

Alset Stock Performance

NASDAQ:AEI opened at $1.34 on Friday. The firm’s fifty day moving average is $1.23 and its two-hundred day moving average is $1.71. The firm has a market cap of $52.13 million, a price-to-earnings ratio of -0.61 and a beta of 1.24. Alset has a one year low of $1.00 and a one year high of $4.55.

Insider Buying and Selling at Alset

In related news, CEO Heng Fai Ambrose Chan acquired 250,000 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was acquired at an average price of $2.00 per share, with a total value of $500,000.00. Following the acquisition, the chief executive officer directly owned 5,261,719 shares in the company, valued at $10,523,438. This represents a 4.99% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 90.30% of the company’s stock.

Institutional Trading of Alset

Several hedge funds and other institutional investors have recently bought and sold shares of AEI. Dimensional Fund Advisors LP acquired a new position in Alset in the fourth quarter valued at approximately $71,000. Two Sigma Investments LP purchased a new stake in Alset in the 3rd quarter worth approximately $171,000. Empowered Funds LLC grew its stake in shares of Alset by 10.9% during the 4th quarter. Empowered Funds LLC now owns 111,254 shares of the company’s stock worth $383,000 after purchasing an additional 10,946 shares during the period. Vanguard Group Inc. grew its stake in shares of Alset by 2,757.1% during the 3rd quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock worth $1,564,000 after purchasing an additional 596,572 shares during the period. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Alset by 10.9% during the 4th quarter. Bridgeway Capital Management LLC now owns 111,254 shares of the company’s stock valued at $383,000 after purchasing an additional 10,946 shares in the last quarter. 2.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Alset in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Alset presently has a consensus rating of “Sell”.

Alset Company Profile

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.