Allied Esports Entertainment Inc. (NASDAQ:AESE – Get Rating) shares were up 0.9% during trading on Friday . The company traded as high as $1.19 and last traded at $1.16. Approximately 16,616 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 140,051 shares. The stock had previously closed at $1.15.
Allied Esports Entertainment Price Performance
The firm has a market cap of $45.34 million, a P/E ratio of -2.90 and a beta of 1.07. The stock has a 50 day moving average of $1.29 and a 200 day moving average of $1.21.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in 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 acquiring an additional 43,563 shares during the last quarter. Jane Street Group LLC increased its stake in Allied Esports Entertainment by 132.9% in the fourth quarter. Jane Street Group LLC now owns 52,358 shares of the company’s stock valued at $55,000 after acquiring an additional 29,877 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Allied Esports Entertainment in the second quarter valued at $32,000. Institutional investors own 4.38% of the company’s stock.
About Allied Esports Entertainment
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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