Allied Esports Entertainment (NASDAQ:AESE) Shares Gap Down to $2.33

Allied Esports Entertainment Inc. (NASDAQ:AESE) gapped down prior to trading on Tuesday . The stock had previously closed at $2.33, but opened at $1.96. Allied Esports Entertainment shares last traded at $2.12, with a volume of 257 shares trading hands.

Separately, Zacks Investment Research raised shares of Allied Esports Entertainment from a “sell” rating to a “hold” rating in a report on Tuesday, January 12th.

The stock has a 50 day moving average of $2.02 and a 200-day moving average of $1.52. The firm has a market capitalization of $76.54 million, a P/E ratio of -2.04 and a beta of 1.22. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.00 and a current ratio of 1.00.

In related news, President Adam J. Pliska sold 50,862 shares of the company’s stock in a transaction that occurred on Wednesday, February 10th. The shares were sold at an average price of $2.75, for a total value of $139,870.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Anthony A. Hung sold 12,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 10th. The stock was sold at an average price of $3.00, for a total transaction of $37,500.00. The disclosure for this sale can be found here. Insiders own 7.20% of the company’s stock.

A hedge fund recently bought a new stake in Allied Esports Entertainment stock. Renaissance Technologies LLC acquired a new stake in shares of Allied Esports Entertainment Inc. (NASDAQ:AESE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 166,457 shares of the company’s stock, valued at approximately $263,000. Renaissance Technologies LLC owned 0.47% of Allied Esports Entertainment as of its most recent filing with the Securities and Exchange Commission (SEC). 1.01% of the stock is currently owned by institutional investors.

Allied Esports Entertainment Company Profile (NASDAQ:AESE)

Allied Esports Entertainment Inc operates a premier public esports and entertainment company, consisting of the Allied Esports and World Poker Tour (WPT) businesses worldwide. The company has two segments, Gaming & Entertainment and E-Sports. It operates esports properties to connect players and fans via a network of connected arenas; a flagship gaming arena located at the Luxor Hotel in Las Vegas, Nevada; a mobile esports truck that serves as a battleground and content generation hub; and a studio for recording and streaming gaming events, as well as provides multiplayer video game competitions.

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