Alliance Entertainment (NASDAQ:AENT) Sets New 52-Week High – Should You Buy?

Alliance Entertainment Holding Co. (NASDAQ:AENT)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $11.57 and last traded at $10.51, with a volume of 23705 shares trading hands. The stock had previously closed at $10.26.

Alliance Entertainment Price Performance

The firm has a market capitalization of $549.32 million, a P/E ratio of 63.41 and a beta of 0.13. The firm has a 50 day moving average price of $5.91 and a 200-day moving average price of $3.60. The company has a current ratio of 1.34, a quick ratio of 0.60 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 boosted its holdings in shares of Alliance Entertainment Holding Co. (NASDAQ:AENT) by 13.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 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.