Alliance Entertainment (NASDAQ:AENT) Shares Up 7.1% – Still a Buy?

Alliance Entertainment Holding Co. (NASDAQ:AENT) traded up 7.1% during mid-day trading on Monday . The stock traded as high as $10.70 and last traded at $10.38. 38,643 shares were traded during mid-day trading, a decline of 60% from the average session volume of 97,205 shares. The stock had previously closed at $9.69.

Alliance Entertainment Trading Up 8.4 %

The stock has a market cap of $535.05 million, a PE ratio of 61.76 and a beta of 0.13. 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 stock’s fifty day moving average price is $5.77 and its 200 day moving average price is $3.55.

Institutional Inflows and Outflows

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) by 13.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,000 shares of the company’s stock after buying an additional 3,000 shares during the period. Clarity Capital Partners LLC’s holdings in Alliance Entertainment were worth $68,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors 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.