Alset (NASDAQ:AEI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Alset (NASDAQ:AEI) to a sell rating in a research note published on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Alset in a research report on Saturday, September 27th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Alset Price Performance

AEI stock opened at $2.71 on Friday. The stock has a market capitalization of $106.29 million, a P/E ratio of -2.58 and a beta of 1.41. The business has a 50-day moving average of $1.98 and a 200-day moving average of $1.32. Alset has a fifty-two week low of $0.70 and a fifty-two week high of $4.55.

Alset (NASDAQ:AEI) last posted its quarterly earnings data on Thursday, August 14th. The company reported ($0.71) earnings per share for the quarter. The firm had revenue of $1.10 million for the quarter. Alset had a negative return on equity of 14.31% and a negative net margin of 77.86%.

Alset announced that its board has initiated a stock repurchase plan on Monday, June 23rd that allows the company to repurchase $1.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 10% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Alset

In other Alset news, CEO Heng Fai Ambrose Chan sold 500,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $2.67, for a total value of $1,335,000.00. Following the sale, the chief executive officer owned 31,322,903 shares in the company, valued at $83,632,151.01. This represents a 1.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 62.10% of the stock is owned by corporate insiders.

About Alset

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.