Allied Esports Entertainment (NASDAQ:AESE) Issues Earnings Results, Misses Expectations By $0.06 EPS

Allied Esports Entertainment (NASDAQ:AESE) released its quarterly earnings data on Monday. The company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.06), Fidelity Earnings reports. During the same period in the prior year, the firm earned ($0.22) EPS.

AESE stock opened at $2.06 on Wednesday. The firm has a 50-day simple moving average of $1.86 and a two-hundred day simple moving average of $2.05. Allied Esports Entertainment has a one year low of $0.95 and a one year high of $4.31.

Separately, Zacks Investment Research lowered shares of Allied Esports Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday, October 19th.

In related news, Director Adam J. Pliska sold 106,143 shares of the stock in a transaction that occurred on Thursday, November 4th. The shares were sold at an average price of $1.93, for a total value of $204,855.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Knighted Pastures Llc acquired 64,464 shares of the firm’s stock in a transaction that occurred on Monday, November 1st. The stock was bought at an average cost of $1.83 per share, with a total value of $117,969.12. The disclosure for this purchase can be found here. Corporate insiders own 41.50% of the company’s stock.

Allied Esports Entertainment Company Profile

Allied Esports Entertainment, Inc is an esports entertainment company, which engages in the creation of esports venues and live events for both video games and poker. It operates through the following segments: Poker, gaming & entertainment and E-sports. The Poker, gaming & entertainment segment provides televised gaming and entertainment, land-based poker tournaments, online and mobile poker applications through World Poker Tour (WPT).

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Earnings History for Allied Esports Entertainment (NASDAQ:AESE)

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