Aeries Technology (NASDAQ:AERT) Stock Price Up 8.9% – Here’s What Happened

Aeries Technology, Inc. (NASDAQ:AERT) traded up 8.9% during trading on Wednesday . The stock traded as high as $7.17 and last traded at $6.99. Approximately 67,710 shares traded hands during mid-day trading, a decline of 2% from the average daily volume of 69,113 shares. The stock had previously closed at $6.42.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of Aeries Technology from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Aeries Technology Price Performance

The company has a market cap of $40.77 million, a PE ratio of 17.76 and a beta of 0.66. The business has a 50 day moving average of $5.43 and a 200 day moving average of $4.34.

Institutional Inflows and Outflows

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

About Aeries Technology

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.