Alliance Entertainment (NASDAQ:AENT) Sees Large Volume Increase – Here’s Why

Alliance Entertainment Holding Co. ( NASDAQ:AENT – Get Free Report ) shares saw strong trading volume on Tuesday . 40,558 shares traded hands during mid-day trading, a decline of 37% from the previous session’s volume of 64,383 shares.

The stock last traded at $10.09 and had previously closed at $9.97.



Alliance Entertainment Price Performance The company has a market cap of $461.67 million, a price-to-earnings ratio of 53.29 and a beta of 0.

40. The company has a current ratio of 1.34, a quick ratio of 0.

60 and a debt-to-equity ratio of 1.13. The business has a 50-day moving average price of $5.

54 and a 200 day moving average price of $3.47. Institutional Investors Weigh In On Alliance Entertainment A hedge fund recently raised its stake in Alliance Entertainment stock.

Clarity Capital Partners LLC boosted its holdings in shares of Alliance Entertainment Holding Co. ( NASDAQ:AENT – Free Report ) by 13.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission.

The firm owned 25,000 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. Clarity Capital Partners LLC’s holdings in Alliance Entertainment were worth $68,000 at the end of the most recent quarter. Institutional investors and hedge funds own 0.

27% of the company’s stock. Alliance Entertainment Company Profile 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. Featured Articles Receive News & Ratings for Alliance Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alliance Entertainment and related companies with MarketBeat.com's FREE daily email newsletter .

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