Stock News Alert: ALJ Regional Holdings (NASDAQ:ALJJ)

ALJ Regional Holdings (NASDAQ:ALJJ) stock observed trading -48.15% off 52-week high price. On the other end, the stock has been noted 7.69% away from low price over the last 52-weeks. The stock disclosed a move of -7.43% away from 50 day moving average and -20.00% away from 200 day moving average. Moving closer, we can see that shares have been trading -4.96% off 20-day moving average. It has market cap of $47.84M.

On Feb. 14, 2020, ALJ Regional Holdings (NASDAQ:ALJJ) declared results  for its first quarter ended December 31, 2019.

ALJ is a holding company, whose wholly-owned subsidiaries are Faneuil (Faneuil), Floors-N-More, LLC, d/b/a Carpets N’ More (Carpets), and Phoenix Color Corp. (Phoenix).  Faneuil is a leading provider of call center services, back office operations, staffing services, and toll collection services to commercial and governmental clients across the United States. Carpets is one of the largest floor covering retailers in Las Vegas, Nevada, and a provider of multiple products for the commercial, retail, and home builder markets including all types of flooring, countertops, and cabinets.  Phoenix is a leading manufacturer of book components, educational materials, and related products producing value-added components, heavily illustrated books, and specialty commercial products using a broad spectrum of materials and decorative technologies.

Investment Highlights – Three Months Ended December 31, 2019

Consolidated Results for ALJ

  • ALJ recognized consolidated net revenue of $90.5 million for the three months ended December 31, 2019, a decrease of $3.3 million, or 3.5%, compared to $93.8 million for the three months ended December 31, 2018. The decrease was a result of several large orders at Phoenix during the three months ended December 31, 2018, that did not reoccur during the three months ended December 31, 2019, and lower component sales related to education at Phoenix, lower volumes at Carpets, largely offset by new contracts at Faneuil. ALJ recognized consolidated net revenue of $89.0 million for the three months ended September 30, 2019.
  • ALJ recognized a net loss of $4.3 million and loss per share of $0.10 (diluted) for the three months ended December 31, 2019, compared to net income of $0.7 million and earnings per share (EPS) of $0.02 (diluted) for the three months ended December 31, 2018. The majority of the loss was due to lower revenue at Phoenix and Carpets, and lower margin from Faneuil revenue as a result of inefficiencies related to the startup of new contracts and operational challenges related to the expansion of certain ongoing contracts. ALJ recognized a net loss of $9.9 million and loss per share of $0.24 (diluted) for the three months ended September 30, 2019.

The USA based company ALJ Regional Holdings moved with change of -2.61% to $1.12 with the total traded volume of 35842 shares in recent session versus to an average volume of 23.65K. The stock was observed in the 5 days activity at -5.08%. The one month performance of stock was -11.81%. ALJJ’s shares are at -1.32% for the quarter and driving a -18.84% return over the course of the past year and is now at -2.61% since this point in 2018.  Right now the stock beta is 1.44. The average volatility for the week and month was at 3.42% and 7.05% respectively. There are 42.71M shares outstanding and 19.16M shares are floated in market.

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