Alset (NASDAQ:AEI) Posts Quarterly Earnings Results

Alset (NASDAQ:AEI) issued its quarterly earnings results 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 Trading Down 3.9 %

Alset stock opened at $0.99 on Tuesday. The stock has a market cap of $10.63 million, a P/E ratio of -0.23 and a beta of 1.24. The company has a 50-day moving average price of $0.94 and a 200 day moving average price of $1.13. Alset has a 12-month low of $0.46 and a 12-month high of $2.61.

Insider Activity

In other news, CEO Heng Fai Ambrose Chan acquired 100,000 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was acquired at an average cost of $0.93 per share, with a total value of $93,000.00. Following the completion of the purchase, the chief executive officer now owns 6,038,438 shares of the company’s stock, valued at $5,615,747.34. This represents a 1.68 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In the last 90 days, insiders have bought 311,304 shares of company stock valued at $296,810. 62.10% of the stock is currently owned by company insiders.

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.