Alset (NASDAQ:AEI) Trading Up 12.3% – Time to Buy?

Alset Inc. (NASDAQ:AEI) was up 12.3% during trading on Monday . The stock traded as high as $1.74 and last traded at $1.74. Approximately 25,713 shares changed hands during trading, an increase of 67% from the average daily volume of 15,402 shares. The stock had previously closed at $1.55.

Analyst Ratings Changes

AEI has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Alset in a report on Wednesday, January 21st. Wall Street Zen raised shares of Alset from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Alset has an average rating of “Sell”.

Alset Price Performance

The company has a market capitalization of $67.69 million, a PE ratio of -1.46 and a beta of 1.30. The stock has a 50-day simple moving average of $2.74 and a 200 day simple moving average of $2.64.

Institutional Investors Weigh In On Alset

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP acquired a new stake in Alset in the 4th quarter valued at about $71,000. Two Sigma Investments LP purchased a new position in Alset during the 3rd quarter valued at about $171,000. Bridgeway Capital Management LLC acquired a new position in Alset during the third quarter worth about $254,000. Empowered Funds LLC raised its position in 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 last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Alset by 2,757.1% in the third quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock valued at $1,564,000 after purchasing an additional 596,572 shares in the last quarter. 2.74% of the stock is currently owned by hedge funds and other institutional investors.

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.