Posted by Defense World Staff on Oct 27th, 2024
Alliance Entertainment Holding Co. (NASDAQ:AENT – Get Free Report) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 41,200 shares, a drop of 62.7% from the September 30th total of 110,400 shares. Approximately 1.3% of the company’s stock are short sold. Based on an average daily volume of 112,900 shares, the short-interest ratio is currently 0.4 days.
Shares of Alliance Entertainment stock opened at $3.31 on Friday. The stock has a 50-day simple moving average of $2.27 and a 200-day simple moving average of $2.42. Alliance Entertainment has a 52-week low of $0.65 and a 52-week high of $3.99. The firm has a market cap of $168.58 million, a price-to-earnings ratio of -66.20 and a beta of 0.56. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.33 and a quick ratio of 0.67.
Alliance Entertainment (NASDAQ:AENT – Get Free Report) last posted its earnings results on Thursday, September 19th. The company reported $0.05 EPS for the quarter. Alliance Entertainment had a net margin of 0.42% and a return on equity of 5.39%. The company had revenue of $236.93 million during the quarter.
An institutional investor recently bought a new position in Alliance Entertainment stock. Perritt Capital Management Inc purchased a new position in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 40,000 shares of the company’s stock, valued at approximately $120,000. Perritt Capital Management Inc owned approximately 0.08% of Alliance Entertainment as of its most recent filing with the SEC. 0.27% of the stock is owned by institutional investors and hedge funds.
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Alliance Entertainment Holding Corporation operates as a wholesaler, distributor, and e-commerce provider for the entertainment industry worldwide. It offers vinyl records, video games, digital video discs, blu-rays, toys, compact discs, collectibles, and other entertainment and consumer products. The company also provides third party logistics products and services.
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