Alliance Entertainment (NASDAQ:AENTW) Stock Price Down 6% – Here’s What Happened

Alliance Entertainment Holding Co. (NASDAQ:AENTWGet Free Report)’s share price dropped 6% during trading on Friday . The company traded as low as $0.5761 and last traded at $0.63. Approximately 15,033 shares changed hands during trading, an increase of 43% from the average daily volume of 10,536 shares. The stock had previously closed at $0.6699.

Alliance Entertainment Trading Down 6.0%

The stock’s 50-day moving average is $0.79 and its 200-day moving average is $0.58.

About Alliance Entertainment

(Get Free Report)

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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