Heng Fai Ambrose Chan Sells 884,776 Shares of Alset Inc. (NASDAQ:AEI) Stock

Alset Inc. (NASDAQ:AEI) Director Heng Fai Ambrose Chan sold 884,776 shares of Alset stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $0.60, for a total transaction of $530,865.60. Following the completion of the transaction, the director now owns 351,555 shares in the company, valued at approximately $210,933. This trade represents a 71.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Heng Fai Ambrose Chan also recently made the following trade(s):

• On Friday, April 4th, Heng Fai Ambrose Chan sold 180,000 shares of Alset stock. The stock was sold at an average price of $0.96, for a total value of $172,800.00.
• On Monday, March 31st, Heng Fai Ambrose Chan sold 300,000 shares of Alset stock. The stock was sold at an average price of $1.03, for a total value of $309,000.00.
• On Wednesday, February 12th, Heng Fai Ambrose Chan purchased 20,244 shares of Alset stock. The stock was bought at an average price of $1.07 per share, with a total value of $21,661.08.
• On Thursday, February 6th, Heng Fai Ambrose Chan acquired 141,060 shares of Alset stock. The shares were bought at an average price of $0.99 per share, for a total transaction of $139,649.40.
• On Monday, January 27th, Heng Fai Ambrose Chan bought 100,000 shares of Alset stock. The stock was purchased at an average cost of $0.93 per share, for a total transaction of $93,000.00.
• On Wednesday, January 22nd, Heng Fai Ambrose Chan purchased 50,000 shares of Alset stock. The stock was purchased at an average price of $0.85 per share, with a total value of $42,500.00.

Alset Stock Down 9.4 %

Shares of NASDAQ:AEI opened at $0.83 on Friday. The company’s fifty day moving average is $0.95 and its two-hundred day moving average is $1.13. The company has a market cap of $8.94 million, a P/E ratio of -0.19 and a beta of 1.24. Alset Inc. has a 12-month low of $0.46 and a 12-month high of $2.61.

Alset (NASDAQ:AEI) last posted its quarterly earnings results 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 firm had revenue of $8.94 million for the quarter.

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.