Alset (NASDAQ:AEI) Posts Quarterly Earnings Results

Alset (NASDAQ:AEI) announced its quarterly earnings results on Friday. The company reported ($0.14) EPS for the quarter, Zacks reports. Alset had a negative net margin of 994.62% and a negative return on equity of 34.67%.

Alset Stock Up 14.5%

Shares of NASDAQ AEI opened at $1.34 on Friday. Alset has a 52 week low of $1.00 and a 52 week high of $4.55. The firm has a market cap of $52.13 million, a P/E ratio of -0.83 and a beta of 1.24. The business’s 50 day moving average price is $1.23 and its 200 day moving average price is $1.71.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alset in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

Insider Buying and Selling

In other Alset news, CEO Heng Fai Ambrose Chan acquired 250,000 shares of the company’s stock in a transaction dated Monday, June 8th. The shares were acquired at an average cost of $2.00 per share, with a total value of $500,000.00. Following the acquisition, the chief executive officer directly owned 5,261,719 shares of the company’s stock, valued at approximately $10,523,438. The trade was a 4.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 90.30% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP purchased a new stake in Alset in the fourth quarter valued at $71,000. Two Sigma Investments LP acquired a new position in shares of Alset in the 3rd quarter valued at about $171,000. Bridgeway Capital Management LLC acquired a new position in shares of Alset in the 3rd quarter valued at about $254,000. Empowered Funds LLC boosted its stake in shares of Alset by 10.9% in the fourth quarter. Empowered Funds LLC now owns 111,254 shares of the company’s stock worth $383,000 after buying an additional 10,946 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Alset by 2,757.1% in the third quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock worth $1,564,000 after buying an additional 596,572 shares during the last quarter. 2.74% of the stock is currently owned by institutional investors and hedge funds.

About Alset

Alset Environmental, Inc (NASDAQ:AEI) is a technology company focused on the development and commercialization of advanced pyrolysis systems for the recycling of end-of-life tires and plastic waste. The firm’s solutions are built around its proprietary HydroPyrolysis Reactor, which uses hydrothermal conditions to break down complex hydrocarbon feedstocks into valuable byproducts. By converting tire rubber and mixed plastics into recovered carbon black, pyrolysis oil, syngas and steel, Alset aims to provide an environmentally sustainable alternative to traditional disposal and incineration methods.

The company’s HydroPyrolysis technology operates at moderate temperatures and pressures to maximize yield and purity of carbon-rich outputs.