Alliance Entertainment Holding Co. (NASDAQ:AENT - Get Free Report) shares dropped 4.9% on Wednesday . The company traded as low as $3.25 and last traded at $3.29. Approximately 24,777 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 80,724 shares. The stock had previously closed at $3.46.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of Alliance Entertainment from a "buy" rating to a "strong-buy" rating in a report on Thursday, May 22nd.
Read Our Latest Research Report on AENT
Alliance Entertainment Stock Down 1.6%
The stock's 50-day moving average price is $2.89 and its two-hundred day moving average price is $4.55. The stock has a market capitalization of $161.53 million, a PE ratio of 24.39 and a beta of 0.30. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.77 and a current ratio of 1.24.
Alliance Entertainment (NASDAQ:AENT - Get Free Report) last announced its quarterly earnings results on Thursday, May 15th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.01 by $0.03. Alliance Entertainment had a net margin of 0.62% and a return on equity of 10.26%. The firm had revenue of $213.05 million for the quarter, compared to the consensus estimate of $210.65 million.
Institutional Investors Weigh In On Alliance Entertainment
Large investors have recently bought and sold shares of the business. OMERS ADMINISTRATION Corp purchased a new position in Alliance Entertainment during the fourth quarter worth $91,000. Renaissance Technologies LLC purchased a new stake in shares of Alliance Entertainment during the fourth quarter valued at $92,000. LPL Financial LLC purchased a new stake in shares of Alliance Entertainment during the fourth quarter valued at $130,000. Empowered Funds LLC boosted its stake in shares of Alliance Entertainment by 9.2% during the first quarter. Empowered Funds LLC now owns 90,880 shares of the company's stock valued at $304,000 after purchasing an additional 7,683 shares during the period. Finally, Marshall Wace LLP purchased a new stake in shares of Alliance Entertainment during the fourth quarter valued at $440,000. Institutional investors own 0.27% of the company's stock.
Alliance Entertainment Company Profile
(
Get Free Report)
Alliance Entertainment Holding Corporation operates as a wholesaler, distributor, and e-commerce provider for the entertainment industry worldwide. It offers vinyl records, video games, digital video discs, blu-rays, toys, compact discs, collectibles, and other entertainment and consumer products. The company also provides third party logistics products and services.
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