Alliance Entertainment (NASDAQ:AENT) Sets New 12-Month High – Time to Buy?

Alliance Entertainment Holding Co. (NASDAQ:AENT) shares reached a new 52-week high during trading on Monday . The stock traded as high as $10.89 and last traded at $9.96, with a volume of 270288 shares traded. The stock had previously closed at $8.75.

Alliance Entertainment Stock Up 11.0 %

The company has a quick ratio of 0.60, a current ratio of 1.34 and a debt-to-equity ratio of 1.13. The company has a 50 day simple moving average of $5.18 and a two-hundred day simple moving average of $3.35. The company has a market capitalization of $494.79 million, a P/E ratio of 57.12 and a beta of 0.40.

Institutional Trading of Alliance Entertainment

An institutional investor recently bought a new position in Alliance Entertainment stock. Perritt Capital Management Inc bought a new position in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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. 0.27% of the stock is owned by hedge funds and other institutional investors.

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.