Alset (NASDAQ:AEI) Shares Down 6.2% – Here’s Why

Alset Inc. (NASDAQ:AEI) shares traded down 6.2% on Friday . The stock traded as low as $1.15 and last traded at $1.21. Approximately 20,475 shares were traded during trading, a decline of 18% from the average session volume of 24,850 shares. The stock had previously closed at $1.29.

Analyst Upgrades and Downgrades

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

Alset Price Performance

The stock has a market capitalization of $47.07 million, a price-to-earnings ratio of -0.55 and a beta of 1.15. The company has a 50-day simple moving average of $1.48 and a two-hundred day simple moving average of $2.04.

Alset (NASDAQ:AEI) last released its quarterly earnings results on Thursday, May 14th. The company reported ($0.12) EPS for the quarter. Alset had a negative return on equity of 34.67% and a negative net margin of 994.62%.The firm had revenue of $0.98 million for the quarter.

Insider Activity at Alset

In other Alset news, CEO Heng Fai Ambrose Chan purchased 250,000 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were bought at an average price of $2.00 per share, with a total value of $500,000.00. Following the completion of the acquisition, the chief executive officer owned 5,261,719 shares in the company, valued at approximately $10,523,438. This represents a 4.99% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 90.30% of the company’s stock.

Institutional Trading of Alset

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

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.