Alset (NASDAQ:AEI) Issues Earnings Results

Key Points

• Alset reported a quarterly loss of $0.14 per share, alongside a negative 34.67% return on equity and a negative 994.62% net margin.
• Shares rose 14.5% to $1.34 in Friday trading, but remain well below the 52-week high of $4.55; the stock has a market capitalization of about $52.1 million.
• CEO Heng Fai Ambrose Chan purchased 250,000 shares for $500,000, while insiders collectively own 90.3% of the company. Analysts maintain a consensus “Sell” rating.

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

Alset Stock Up 14.5%

NASDAQ:AEI traded up $0.17 during mid-day trading on Friday, hitting $1.34. 19,947 shares of the stock traded hands, compared to its average volume of 19,911. Alset has a 52 week low of $1.00 and a 52 week high of $4.55. The stock has a market capitalization of $52.13 million, a price-to-earnings ratio of -0.61 and a beta of 1.24. The firm's 50 day moving average is $1.23 and its two-hundred day moving average is $1.71.

Insider Transactions at Alset

In other Alset news, CEO Heng Fai Ambrose Chan bought 250,000 shares of the company's stock in a transaction on Monday, June 8th. The stock was acquired at an average price of $2.00 per share, for a total transaction of $500,000.00. Following the completion of the transaction, the chief executive officer directly owned 5,261,719 shares of the company's stock, valued at approximately $10,523,438. This represents a 4.99% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 90.30% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Alset

Institutional investors and hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP purchased a new position in Alset in the 4th quarter worth about $71,000. Two Sigma Investments LP purchased a new stake in Alset in the 3rd quarter valued at about $171,000. Bridgeway Capital Management LLC bought a new position in Alset in the 3rd quarter worth about $254,000. 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 worth $383,000 after acquiring an additional 10,946 shares during the period. Finally, 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 worth $1,564,000 after acquiring an additional 596,572 shares during the period. 2.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Alset in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Alset has a consensus rating of "Sell".

Alset Company Profile

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.

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