Alliance Entertainment (NASDAQ:AENT) Hits New 12-Month High – Here’s What Happened

Alliance Entertainment Holding Co. (NASDAQ:AENT)’s stock price hit a new 52-week high during trading on Monday . The company 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 Trading Up 11.0 %

The company has a debt-to-equity ratio of 1.13, a current ratio of 1.34 and a quick ratio of 0.60. The firm has a market capitalization of $494.79 million, a PE ratio of 57.12 and a beta of 0.40. The stock’s 50-day moving average price is $5.18 and its 200 day moving average price is $3.35.

Institutional Investors Weigh In On Alliance Entertainment

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% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing. 0.27% of the stock is owned by hedge funds and other institutional investors.

About Alliance Entertainment

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.