Alset Inc. (NASDAQ:AEI) Director Sells $309,000.00 in Stock

Alset Inc. (NASDAQ:AEI) Director Heng Fai Ambrose Chan sold 300,000 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $1.03, for a total transaction of $309,000.00. Following the sale, the director now owns 1,253,904 shares of the company’s stock, valued at $1,291,521.12. This trade represents a 19.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Heng Fai Ambrose Chan also recently made the following trade(s):

• On Wednesday, February 12th, Heng Fai Ambrose Chan bought 20,244 shares of Alset stock. The shares were bought at an average price of $1.07 per share, for a total transaction of $21,661.08.
• On Thursday, February 6th, Heng Fai Ambrose Chan acquired 141,060 shares of Alset stock. The shares were bought at an average price of $0.99 per share, with a total value of $139,649.40.
• On Monday, January 27th, Heng Fai Ambrose Chan acquired 100,000 shares of Alset stock. The stock was purchased at an average cost of $0.93 per share, with a total value of $93,000.00.
• On Wednesday, January 22nd, Heng Fai Ambrose Chan purchased 50,000 shares of Alset stock. The stock was acquired at an average price of $0.85 per share, with a total value of $42,500.00.

Alset Price Performance

Shares of AEI stock traded down $0.02 during mid-day trading on Wednesday, hitting $0.97. The company had a trading volume of 11,178 shares, compared to its average volume of 306,282. The stock’s 50 day moving average price is $0.95 and its 200-day moving average price is $1.13. Alset Inc. has a 52-week low of $0.46 and a 52-week high of $2.61. The company has a market capitalization of $10.41 million, a P/E ratio of -0.22 and a beta of 1.24.

Alset (NASDAQ:AEI) last posted its earnings results on Monday, March 31st. The company reported $0.25 EPS for the quarter. Alset had a negative return on equity of 42.91% and a negative net margin of 299.22%. The firm had revenue of $8.94 million during the quarter.

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.