Alset (NASDAQ:AEI) Posts Earnings Results

Alset (NASDAQ:AEI) released its quarterly earnings data on Monday. The company reported $0.25 earnings per share (EPS) for the quarter, Zacks reports. Alset had a negative return on equity of 42.91% and a negative net margin of 299.22%.

Alset Stock Performance

NASDAQ AEI traded down $0.04 on Monday, hitting $0.99. The stock had a trading volume of 49,071 shares, compared to its average volume of 306,940. The company has a market capitalization of $10.63 million, a price-to-earnings ratio of -0.23 and a beta of 1.24. Alset has a 52-week low of $0.46 and a 52-week high of $2.61. The firm has a 50-day moving average of $0.94 and a 200-day moving average of $1.13.

Insider Buying and Selling

In other Alset news, CEO Heng Fai Ambrose Chan bought 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were bought at an average price of $0.85 per share, for a total transaction of $42,500.00. Following the transaction, the chief executive officer now directly owns 5,938,438 shares in the company, valued at $5,047,672.30. This trade represents a 0.85 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have acquired 311,304 shares of company stock worth $296,810. Corporate insiders own 62.10% of the company’s stock.

About Alset

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.