Alliance Entertainment (NASDAQ:AENT) Announces Quarterly Earnings Results

Alliance Entertainment (NASDAQ:AENT) released its quarterly earnings data on Thursday. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.16), Zacks reports. Alliance Entertainment had a net margin of 0.77% and a return on equity of 9.67%.

Alliance Entertainment Stock Performance

NASDAQ:AENT traded up $0.13 during mid-day trading on Thursday, hitting $5.18. The company’s stock had a trading volume of 173,694 shares, compared to its average volume of 101,832. The business’s fifty day moving average is $6.69 and its two-hundred day moving average is $4.22. The stock has a market cap of $263.97 million, a price-to-earnings ratio of 30.47 and a beta of 0.07. Alliance Entertainment has a 1 year low of $1.10 and a 1 year high of $11.57. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.34 and a quick ratio of 0.60.

About Alliance Entertainment

Alliance Entertainment Holding Corporation operates as a wholesaler, distributor, and e-commerce provider for the entertainment industry worldwide. It offers vinyl records, video games, digital video discs, blu-rays, toys, compact discs, collectibles, and other entertainment and consumer products. The company also provides third party logistics products and services.