Alset (NASDAQ:AEI) Issues Quarterly Earnings Results

Alset (NASDAQ:AEI) released its quarterly earnings data on Thursday. The company reported ($0.12) EPS for the quarter, Zacks reports. The business had revenue of $0.98 million for the quarter. Alset had a negative net margin of 994.62% and a negative return on equity of 34.85%.

Alset Price Performance

Shares of AEI traded down $0.05 during midday trading on Friday, hitting $1.77. 16,355 shares of the company traded hands, compared to its average volume of 12,137. The stock has a 50-day moving average of $1.75 and a 200-day moving average of $2.40. Alset has a one year low of $0.77 and a one year high of $4.55. The firm has a market cap of $68.85 million, a P/E ratio of -0.81 and a beta of 1.20.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Alset in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Alset has an average rating of “Sell”.

Insider Buying and Selling at Alset

In other news, CEO Heng Fai Ambrose Chan sold 100,390 shares of the company’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $0.98, for a total transaction of $98,382.20. Following the sale, the chief executive officer directly owned 1,891,279 shares in the company, valued at $1,853,453.42. This represents a 5.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 90.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Alset

Several hedge funds and other institutional investors have recently modified their holdings of AEI. Vanguard Group Inc. increased its position in shares of Alset by 2,757.1% during the third quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock valued at $1,564,000 after buying an additional 596,572 shares during the period. Bridgeway Capital Management LLC bought a new stake in shares of Alset during the third quarter valued at about $254,000. Two Sigma Investments LP bought a new stake in shares of Alset during the third quarter valued at about $171,000. Empowered Funds LLC increased its position in shares of Alset by 10.9% during the fourth quarter. Empowered Funds LLC now owns 111,254 shares of the company’s stock valued at $383,000 after buying an additional 10,946 shares during the period. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Alset during the fourth quarter valued at about $71,000. 2.74% of the stock is currently owned by institutional investors.

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.