Alset (NASDAQ:AEI) Stock Price Down 2% – Should You Sell?

Alset Inc. (NASDAQ:AEI)’s share price dropped 2% during trading on Wednesday . The stock traded as low as $2.82 and last traded at $2.89. Approximately 20,643 shares changed hands during trading, a decline of 50% from the average daily volume of 40,929 shares. The stock had previously closed at $2.95.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on AEI shares. Wall Street Zen raised shares of Alset from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Alset in a report on Wednesday, October 8th. One research 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 stock has a market capitalization of $112.42 million, a P/E ratio of -2.43 and a beta of 1.41. The stock’s fifty day moving average is $2.85 and its two-hundred day moving average is $2.34.

Alset (NASDAQ:AEI) last announced its quarterly earnings data on Friday, November 14th. The company reported $0.05 EPS for the quarter. The company had revenue of $1.00 million during the quarter. Alset had a negative return on equity of 12.09% and a negative net margin of 105.02%.

Hedge Funds Weigh In On Alset

Hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP acquired a new stake in Alset during the 3rd quarter worth about $171,000. Bridgeway Capital Management LLC acquired a new stake in shares of Alset during the third quarter valued at approximately $254,000. Finally, Vanguard Group Inc. lifted its position in shares of Alset by 2,757.1% in the 3rd quarter. Vanguard Group Inc. now owns 618,210 shares of the company’s stock valued at $1,564,000 after acquiring an additional 596,572 shares in the last quarter. Institutional investors and hedge funds own 2.74% of the company’s stock.

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.