Alliance Entertainment (NASDAQ:AENTW) Trading 10% Higher – Here’s Why

Alliance Entertainment Holding Co. (NASDAQ:AENTWGet Free Report) shares shot up 10% on Monday . The stock traded as high as $0.44 and last traded at $0.4399. 54,620 shares traded hands during trading, an increase of 107% from the average session volume of 26,435 shares. The stock had previously closed at $0.40.

Alliance Entertainment Stock Up 10.0%

The company has a fifty day moving average of $0.70 and a 200-day moving average of $0.62.

Alliance Entertainment Company Profile

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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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