Alset Inc. (NASDAQ:AEI) Director Heng Fai Ambrose Chan Sells 884,776 Shares

Alset Inc. (NASDAQ:AEI) Director Heng Fai Ambrose Chan sold 884,776 shares of the business’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $0.60, for a total value of $530,865.60. Following the transaction, the director now owns 351,555 shares of the company’s stock, valued at $210,933. This trade represents a 71.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, April 4th, Heng Fai Ambrose Chan sold 180,000 shares of Alset stock. The shares were sold at an average price of $0.96, for a total transaction of $172,800.00.
• On Monday, March 31st, Heng Fai Ambrose Chan sold 300,000 shares of Alset stock. The stock was sold at an average price of $1.03, for a total transaction of $309,000.00.
• On Wednesday, February 12th, Heng Fai Ambrose Chan bought 20,244 shares of Alset stock. The stock was 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 purchased 141,060 shares of Alset stock. The shares were bought at an average cost of $0.99 per share, with a total value of $139,649.40.
• On Monday, January 27th, Heng Fai Ambrose Chan purchased 100,000 shares of Alset stock. The stock was purchased at an average price of $0.93 per share, with a total value of $93,000.00.
• On Wednesday, January 22nd, Heng Fai Ambrose Chan bought 50,000 shares of Alset stock. The shares were purchased at an average cost of $0.85 per share, with a total value of $42,500.00.

Alset Trading Down 9.4 %

AEI opened at $0.83 on Friday. The company has a market capitalization of $8.94 million, a price-to-earnings ratio of -0.19 and a beta of 1.11. Alset Inc. has a 12-month low of $0.46 and a 12-month high of $2.61. The business’s fifty day simple moving average is $0.95 and its 200-day simple moving average is $1.13.

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