Allied Esports Entertainment Inc. (NASDAQ:AESE – Get Rating) shares were up 1.6% during trading on Wednesday . The stock traded as high as $1.31 and last traded at $1.24. Approximately 525,178 shares traded hands during trading, an increase of 275% from the average daily volume of 140,051 shares. The stock had previously closed at $1.22.
Allied Esports Entertainment Stock Up 1.6 %
The firm has a market cap of $48.47 million, a price-to-earnings ratio of -3.10 and a beta of 1.07. The stock has a fifty day moving average price of $1.13 and a 200-day moving average price of $1.27.Get Allied Esports Entertainment alerts:
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of AESE. Steel Peak Wealth Management LLC increased its holdings in shares of Allied Esports Entertainment by 712.3% in the second quarter. Steel Peak Wealth Management LLC now owns 406,126 shares of the company's stock valued at $581,000 after purchasing an additional 356,126 shares during the period. Vanguard Group Inc. increased its holdings in shares of Allied Esports Entertainment by 11.6% in the first quarter. Vanguard Group Inc. now owns 419,743 shares of the company's stock valued at $724,000 after purchasing an additional 43,563 shares during the period. Jane Street Group LLC acquired a new position in shares of Allied Esports Entertainment in the third quarter valued at approximately $26,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Allied Esports Entertainment in the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 4.38% of the company's stock.
Allied Esports Entertainment Company Profile(Get Rating)
Allied Esports Entertainment Inc, a premier public esports and entertainment company, engages in the Allied Esports businesses worldwide. It operates esports properties to connect players and fans through 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.
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