Alliance Entertainment (NASDAQ:AENT) Trading Down 1% – Time to Sell?

Alliance Entertainment Holding Corporation (NASDAQ:AENT) shares were down 1% on Tuesday . The company traded as low as $5.66 and last traded at $5.86. 7,790 shares traded hands during trading, a decline of 52% from the average session volume of 16,169 shares. The stock had previously closed at $5.92.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Alliance Entertainment from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, June 17th. Zacks Research raised shares of Alliance Entertainment from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Alliance Entertainment presently has a consensus rating of “Hold” and a consensus price target of $10.00.

Alliance Entertainment Stock Down 1.0%

The stock has a 50-day moving average price of $5.91 and a 200-day moving average price of $6.54. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.33 and a quick ratio of 0.63. The company has a market capitalization of $298.68 million, a P/E ratio of 13.32 and a beta of 0.42.

Alliance Entertainment (NASDAQ:AENT) last announced its earnings results on Thursday, May 14th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $258.20 million for the quarter, compared to analysts’ expectations of $226.09 million. Alliance Entertainment had a return on equity of 19.91% and a net margin of 2.01%. On average, research analysts predict that Alliance Entertainment Holding Corporation will post 0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of Alliance Entertainment in the 2nd quarter valued at $59,000. Kathmere Capital Management LLC bought a new position in Alliance Entertainment during the first quarter worth $68,000. Quadrature Capital Ltd bought a new position in Alliance Entertainment during the fourth quarter worth $143,000. Jacobs Levy Equity Management Inc. acquired a new position in Alliance Entertainment in the third quarter valued at $193,000. Finally, Apollon Wealth Management LLC boosted its position in Alliance Entertainment by 15.6% during the first quarter. Apollon Wealth Management LLC now owns 36,980 shares of the company’s stock valued at $242,000 after acquiring an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 0.27% of the company’s stock.

Alliance Entertainment Company Profile

Alliance Entertainment (NASDAQ: AENT) is a distributor of physical media and related entertainment products, serving retailers, public libraries and online merchants. The company’s core business revolves around the wholesale distribution of music and video titles on CD, DVD and Blu-ray formats, as well as vinyl records, audiobooks, video games and select gift and novelty items. By maintaining a broad catalog of new and catalog titles, Alliance Entertainment enables brick-and-mortar and e-commerce channels to access an extensive range of products from major and independent labels.

In addition to its product offerings, Alliance Entertainment provides supply-chain and logistics services designed to streamline inventory management and order fulfillment.