Alliance Entertainment (NASDAQ:AENTW) Trading Down 8.3% – Here’s Why

Alliance Entertainment Holding Co. (NASDAQ:AENTWGet Free Report) was down 8.3% during mid-day trading on Tuesday . The stock traded as low as $0.50 and last traded at $0.55. Approximately 42,796 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 43,224 shares. The stock had previously closed at $0.60.

Alliance Entertainment Stock Down 8.3 %

The firm’s fifty day simple moving average is $0.27 and its 200 day simple moving average is $0.13.

About Alliance Entertainment

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Alliance Entertainment Holding Corporation operates as a wholesaler, retailer, distributor, and e-commerce provider for the entertainment industry worldwide. The company offers vinyl records, video games, digital video discs, blu-rays, toys, compact discs, collectibles, and other entertainment and consumer products.

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