Alliance Entertainment Holding Co. (NASDAQ:AENT - Get Free Report)'s stock price was up 12% during mid-day trading on Monday . The stock traded as high as $7.72 and last traded at $7.48. Approximately 111,654 shares were traded during trading, an increase of 79% from the average daily volume of 62,506 shares. The stock had previously closed at $6.68.
Alliance Entertainment Stock Performance
The business has a 50 day moving average price of $4.80 and a 200 day moving average price of $3.23. The stock has a market cap of $382.18 million, a P/E ratio of 44.12 and a beta of 0.40. The company has a quick ratio of 0.60, a current ratio of 1.34 and a debt-to-equity ratio of 1.13.
Institutional Investors Weigh In On Alliance Entertainment
A hedge fund recently raised its stake in Alliance Entertainment stock. Clarity Capital Partners LLC lifted its position in Alliance Entertainment Holding Co. (NASDAQ:AENT - Free Report) by 13.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,000 shares of the company's stock after purchasing an additional 3,000 shares during the period. Clarity Capital Partners LLC's holdings in Alliance Entertainment were worth $68,000 at the end of the most recent quarter. 0.27% of the stock is owned by institutional investors and hedge funds.
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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