Alset (NASDAQ:AEI) Announces Earnings Results

Alset (NASDAQ:AEI) issued its quarterly earnings results on Tuesday. The company reported ($1.41) EPS for the quarter, FiscalAI reports. Alset had a negative return on equity of 12.09% and a negative net margin of 105.02%.The business had revenue of $1.30 million during the quarter.

Alset Trading Up 12.2%

AEI stock traded up $0.20 during mid-day trading on Tuesday, hitting $1.84. The stock had a trading volume of 9,513 shares, compared to its average volume of 21,809. Alset has a 1-year low of $0.70 and a 1-year high of $4.55. The company has a fifty day moving average of $2.29 and a 200 day moving average of $2.63. The stock has a market capitalization of $71.58 million, a price-to-earnings ratio of -1.55 and a beta of 1.30.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alset in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Investors Weigh In On Alset

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

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.