Alliance Entertainment (NASDAQ:AENTW) Trading Down 2.3% – Time to Sell?

Alliance Entertainment Holding Co. (NASDAQ:AENTW) shares were down 2.3% during mid-day trading on Friday . The company traded as low as $0.65 and last traded at $0.6450. Approximately 18,990 shares were traded during trading, a decline of 32% from the average daily volume of 28,080 shares. The stock had previously closed at $0.66.

Alliance Entertainment Trading Down 2.3%

The stock has a 50-day moving average price of $0.61 and a 200-day moving average price of $0.68.

About Alliance Entertainment

Alliance Entertainment, traded on the NASDAQ under the ticker AENTW, is a leading wholesale distributor of home entertainment products in North America. The company specializes in sourcing and distributing a broad range of physical media, including DVDs, Blu-ray discs, CDs, vinyl records, video games and related consumer electronics accessories. With an extensive catalog and long-standing relationships with studios, record labels and publishers, Alliance Entertainment serves a diverse customer base that spans traditional retailers, internet merchants and specialty outlets.

Beyond core distribution, Alliance Entertainment provides a suite of integrated supply chain and e-commerce fulfillment services.