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Alliance Entertainment (NASDAQ:AENT) Hits New 12-Month High - What's Next?

Alliance Entertainment logo with Consumer Discretionary background

Shares of Alliance Entertainment Holding Co. (NASDAQ:AENT - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $11.57 and last traded at $10.51, with a volume of 23705 shares changing hands. The stock had previously closed at $10.26.

Alliance Entertainment Trading Down 3.2 %

The firm's fifty day moving average is $6.04 and its two-hundred day moving average is $3.65. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.34 and a quick ratio of 0.60. The firm has a market capitalization of $506.00 million, a PE ratio of 58.41 and a beta of 0.13.

Hedge Funds Weigh In On Alliance Entertainment

An institutional investor recently bought a new position in Alliance Entertainment stock. Perritt Capital Management Inc bought a new position in Alliance Entertainment Holding Co. (NASDAQ:AENT - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,000 shares of the company's stock, valued at approximately $120,000. Perritt Capital Management Inc owned about 0.08% of Alliance Entertainment at the end of the most recent quarter. Institutional investors own 0.27% of the company's stock.

Alliance Entertainment Company Profile

(Get Free Report)

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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