Aeries Technology (NASDAQ:AERT) Issues Quarterly Earnings Results

Aeries Technology (NASDAQ:AERT) posted its earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, FiscalAI reports. The business had revenue of $19.87 million during the quarter.

Aeries Technology Price Performance

AERT stock opened at $0.78 on Monday. The stock has a market capitalization of $39.28 million, a P/E ratio of -11.18 and a beta of 0.66. The business has a 50-day moving average of $0.62 and a 200-day moving average of $0.53. Aeries Technology has a fifty-two week low of $0.26 and a fifty-two week high of $1.52.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Aeries Technology stock. Virtu Financial LLC acquired a new position in shares of Aeries Technology, Inc. (NASDAQ:AERT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned 0.11% of Aeries Technology at the end of the most recent reporting period. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Aeries Technology from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Aeries Technology Company Profile

Aeries Technology, Inc operates as a professional services and consulting partner in the North America, Asia Pacific, and internationally. The company offers management consultancy services for private equity sponsors and their portfolio companies, including software solutions, product management, IT infrastructure, information and cyber security, ERP and CRM platform management, business process management, and digital transformation services. The company was founded in 2012 and is headquartered in Singapore.