Alset (NASDAQ:AEI) Trading 4.1% Higher – Here’s Why

Alset Inc. (NASDAQ:AEI)’s stock price rose 4.1% on Friday . The stock traded as high as $0.97 and last traded at $0.95. Approximately 23,855 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 306,823 shares. The stock had previously closed at $0.91.

Alset Stock Performance

The firm has a market cap of $10.20 million, a PE ratio of -0.22 and a beta of 1.11. The firm’s 50 day moving average price is $0.90 and its two-hundred day moving average price is $1.07.

Alset (NASDAQ:AEI) last posted its earnings results on Monday, March 31st. The company reported $0.25 earnings per share (EPS) for the quarter. Alset had a negative return on equity of 42.91% and a negative net margin of 299.22%. The company had revenue of $8.94 million during the quarter.

Insider Activity at Alset

In related news, CEO Heng Fai Ambrose Chan bought 100,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average price of $0.93 per share, for a total transaction of $93,000.00. Following the acquisition, the chief executive officer now owns 6,038,438 shares of the company’s stock, valued at approximately $5,615,747.34. This trade represents a 1.68 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have purchased 261,304 shares of company stock worth $254,310 and have sold 1,364,776 shares worth $1,012,666. 62.10% of the stock is owned by 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.