Alset's (AEI) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• Alset (NASDAQ: AEI) has received a reiterated "sell (D-)" rating from Weiss Ratings, reflecting ongoing concerns about the company's performance.
• Shares of Alset recently traded at $2.95, with a market capitalization of $115.70 million and a significant negative net margin of 77.86%.
• CEO Heng Fai Ambrose Chan sold 500,000 shares at an average price of $2.67, indicating a 1.57% decrease in his stock position, which raises questions about insider confidence.

Alset (NASDAQ:AEI - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Alset to a "sell" rating in a research report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of "Sell".

Alset Price Performance

Shares of NASDAQ:AEI traded up $0.34 during mid-day trading on Wednesday, hitting $2.95. The company had a trading volume of 109,518 shares, compared to its average volume of 531,593. The firm has a fifty day moving average price of $2.00 and a 200 day moving average price of $1.33. The company has a market capitalization of $115.70 million, a PE ratio of -2.81 and a beta of 1.41. Alset has a one year low of $0.70 and a one year high of $4.55.

Alset (NASDAQ:AEI - Get Free Report) last released its quarterly earnings data on Thursday, August 14th. The company reported ($0.71) earnings per share for the quarter. Alset had a negative net margin of 77.86% and a negative return on equity of 14.31%. The company had revenue of $1.10 million during the quarter.

Alset declared that its Board of Directors has authorized a share buyback program on Monday, June 23rd that authorizes the company to repurchase $1.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 10% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its shares are undervalued.

Insider Buying and Selling at Alset

In related news, CEO Heng Fai Ambrose Chan sold 500,000 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $2.67, for a total value of $1,335,000.00. Following the transaction, the chief executive officer directly owned 31,322,903 shares of the company's stock, valued at approximately $83,632,151.01. The trade was a 1.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 62.10% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.