Alset (NASDAQ:AEI) Posts Earnings Results

Alset (NASDAQ:AEI) announced its earnings results on Friday. The company reported ($0.14) earnings per share for the quarter, Zacks reports. Alset had a negative return on equity of 34.67% and a negative net margin of 994.62%.

Alset Stock Up 14.5%

Shares of Alset stock traded up $0.17 during trading hours on Friday, reaching $1.34. 19,957 shares of the company’s stock were exchanged, compared to its average volume of 19,911. The business has a fifty day moving average of $1.23 and a two-hundred day moving average of $1.71. The company has a market capitalization of $52.13 million, a P/E ratio of -0.61 and a beta of 1.24. Alset has a 1 year low of $1.00 and a 1 year high of $4.55.

Insider Buying and Selling at Alset

In other Alset news, CEO Heng Fai Ambrose Chan purchased 250,000 shares of the stock in a transaction that occurred on Monday, June 8th. The shares were purchased at an average cost of $2.00 per share, for a total transaction of $500,000.00. Following the completion of the transaction, the chief executive officer owned 5,261,719 shares of the company’s stock, valued at $10,523,438. The trade was a 4.99% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 90.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Empowered Funds LLC boosted its stake in Alset by 10.9% during the fourth quarter. Empowered Funds LLC now owns 111,254 shares of the company’s stock worth $383,000 after buying an additional 10,946 shares during the last quarter. Bridgeway Capital Management LLC raised its stake in Alset by 10.9% during the fourth quarter. Bridgeway Capital Management LLC now owns 111,254 shares of the company’s stock worth $383,000 after purchasing an additional 10,946 shares during the period. Dimensional Fund Advisors LP acquired a new position in Alset in the 4th quarter valued at about $71,000. Two Sigma Investments LP acquired a new position in Alset in the 3rd quarter valued at about $171,000. Finally, Vanguard Group Inc. lifted its stake in shares of Alset by 2,757.1% in the 3rd quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock valued at $1,564,000 after purchasing an additional 596,572 shares during the last quarter. 2.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Alset in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Alset

Alset Environmental, Inc (NASDAQ:AEI) is a technology company focused on the development and commercialization of advanced pyrolysis systems for the recycling of end-of-life tires and plastic waste. The firm’s solutions are built around its proprietary HydroPyrolysis Reactor, which uses hydrothermal conditions to break down complex hydrocarbon feedstocks into valuable byproducts. By converting tire rubber and mixed plastics into recovered carbon black, pyrolysis oil, syngas and steel, Alset aims to provide an environmentally sustainable alternative to traditional disposal and incineration methods.

The company’s HydroPyrolysis technology operates at moderate temperatures and pressures to maximize yield and purity of carbon-rich outputs.