Alliance Entertainment (NASDAQ:AENTW) Trading 8.9% Higher – Time to Buy?

Shares of Alliance Entertainment Holding Co. (NASDAQ:AENTWGet Free Report) shot up 8.9% on Thursday . The stock traded as high as $0.7950 and last traded at $0.7950. 912 shares traded hands during trading, a decline of 74% from the average session volume of 3,453 shares. The stock had previously closed at $0.73.

Alliance Entertainment Stock Performance

The company’s 50-day moving average is $0.84 and its 200-day moving average is $0.53.

About Alliance Entertainment

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Alliance Entertainment, traded on the NASDAQ under the ticker AENTW, is a leading wholesale distributor of home entertainment products in North America. The company specializes in sourcing and distributing a broad range of physical media, including DVDs, Blu-ray discs, CDs, vinyl records, video games and related consumer electronics accessories. With an extensive catalog and long-standing relationships with studios, record labels and publishers, Alliance Entertainment serves a diverse customer base that spans traditional retailers, internet merchants and specialty outlets.

Beyond core distribution, Alliance Entertainment provides a suite of integrated supply chain and e-commerce fulfillment services.

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