Ault Alliance (NYSEAMERICAN:AULT) Shares Down 4.2%

Shares of Ault Alliance, Inc. (NYSEAMERICAN:AULT) dropped 4.2% during trading on Friday . The company traded as low as $0.62 and last traded at $0.62. Approximately 401,521 shares traded hands during trading, a decline of 14% from the average daily volume of 464,965 shares. The stock had previously closed at $0.65.

Ault Alliance Trading Down 4.2 %

The company has a debt-to-equity ratio of 0.82, a current ratio of 0.52 and a quick ratio of 0.38.

Ault Alliance (NYSEAMERICAN:AULT) last announced its quarterly earnings results on Monday, August 21st. The company reported ($50.08) earnings per share for the quarter. The business had revenue of $47.41 million for the quarter. Ault Alliance had a negative net margin of 145.39% and a negative return on equity of 111.40%.

Insider Buying and Selling at Ault Alliance

In related news, Chairman Milton C. Ault III bought 55,289 shares of the stock in a transaction dated Monday, July 17th. The stock was acquired at an average price of $4.16 per share, for a total transaction of $230,002.24. Following the completion of the purchase, the chairman now owns 241,614 shares in the company, valued at $1,005,114.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 55,899 shares of company stock valued at $237,526 over the last ninety days. Corporate insiders own 13.81% of the company’s stock.

Institutional Investors Weigh In On Ault Alliance

An institutional investor recently bought a new position in Ault Alliance stock. BlackRock Inc. acquired a new position in Ault Alliance, Inc. (NYSEAMERICAN:AULT) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 5,666 shares of the company’s stock, valued at approximately $29,000. BlackRock Inc. owned approximately 0.41% of Ault Alliance at the end of the most recent reporting period. 4.19% of the stock is currently owned by institutional investors.

Ault Alliance Company Profile

Ault Alliance, Inc, through its subsidiaries, provides customized solutions for the military markets in North America, Europe, the Middle East, and internationally. The company operates through eight segments: Energy and Infrastructure, Technology and Finance, SMC, BNI, GIGA, TurnOnGreen, AGREE, and Ault Disruptive.