Alset’s (AEI) Sell (D-) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d-) rating on shares of Alset (NASDAQ:AEI) in a research report released on Friday morning,Weiss Ratings reports.

Separately, Wall Street Zen upgraded shares of Alset to a “sell” rating in a report on Saturday, October 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Alset Price Performance

Shares of AEI opened at $2.81 on Friday. Alset has a one year low of $0.70 and a one year high of $4.55. The company has a market cap of $109.81 million, a P/E ratio of -2.68 and a beta of 1.41. The firm has a 50 day simple moving average of $2.38 and a two-hundred day simple moving average of $1.49.

Alset (NASDAQ:AEI) last announced its quarterly earnings data on Thursday, August 14th. The company reported ($0.71) EPS for the quarter. Alset had a negative net margin of 77.86% and a negative return on equity of 14.31%. The firm had revenue of $1.10 million for the quarter.

Insider Transactions at Alset

In related news, CEO Heng Fai Ambrose Chan sold 500,000 shares of the firm’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 owned 31,322,903 shares of the company’s stock, valued at approximately $83,632,151.01. This trade represents a 1.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 90.30% of the company’s stock.

About Alset

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.