Alset (NASDAQ:AEI) Posts Earnings Results

Alset (NASDAQ:AEI) released its quarterly earnings results on Monday. The company reported $0.25 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $8.94 million during the quarter. Alset had a negative return on equity of 42.91% and a negative net margin of 299.22%.

Alset Trading Down 0.0 %

NASDAQ AEI opened at $0.99 on Wednesday. Alset has a 1 year low of $0.46 and a 1 year high of $2.61. The company has a fifty day simple moving average of $0.95 and a 200 day simple moving average of $1.13. The company has a market cap of $10.63 million, a P/E ratio of -0.23 and a beta of 1.24.

Insider Buying and Selling

In other Alset news, CEO Heng Fai Ambrose Chan bought 50,000 shares of the stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average price of $0.85 per share, with a total value of $42,500.00. Following the acquisition, the chief executive officer now directly owns 5,938,438 shares of the company’s stock, valued at $5,047,672.30. This represents a 0.85 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have bought 311,304 shares of company stock worth $296,810 in the last quarter. 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.