Alset (NASDAQ:AEI) Trading Up 4.1% – Still a Buy?

Shares of Alset Inc. (NASDAQ:AEI) rose 4.1% during trading on Friday . The company traded as high as $0.97 and last traded at $0.95. Approximately 23,855 shares changed hands during trading, a decline of 92% from the average daily volume of 306,823 shares. The stock had previously closed at $0.91.

Alset Trading Up 4.1 %

The stock has a market cap of $10.20 million, a price-to-earnings ratio of -0.22 and a beta of 1.11. The firm’s 50-day moving average is $0.90 and its two-hundred day moving average is $1.07.

Alset (NASDAQ:AEI) last announced its quarterly earnings data on Monday, March 31st. The company reported $0.25 earnings per share for the quarter. Alset had a negative return on equity of 42.91% and a negative net margin of 299.22%. The company had revenue of $8.94 million for the quarter.

Insiders Place Their Bets

In other news, Director Heng Fai Ambrose Chan sold 300,000 shares of Alset stock in a transaction on Monday, March 31st. The stock was sold at an average price of $1.03, for a total transaction of $309,000.00. Following the transaction, the director now owns 1,253,904 shares in the company, valued at $1,291,521.12. The trade was a 19.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last ninety days, insiders have acquired 261,304 shares of company stock valued at $254,310 and have sold 1,364,776 shares valued at $1,012,666. Corporate insiders own 62.10% of the company’s stock.

Alset Company Profile

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.