Aeries Technology (NASDAQ:AERT) Issues Quarterly Earnings Results

Aeries Technology (NASDAQ:AERT) announced its quarterly earnings results on Monday. The company reported $0.01 earnings per share (EPS) for the quarter, Zacks reports.

Aeries Technology Price Performance

Shares of NASDAQ:AERT traded down $0.00 during midday trading on Monday, hitting $0.64. 107,934 shares of the company’s stock were exchanged, compared to its average volume of 1,736,057. Aeries Technology has a 12 month low of $0.46 and a 12 month high of $2.67. The company has a market cap of $30.36 million, a PE ratio of -8.05 and a beta of -0.36. The stock has a 50 day moving average price of $0.66 and a 200-day moving average price of $0.79.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Aeries Technology in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Insider Activity

In other news, CFO Daniel S. Webb sold 50,000 shares of the company’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $0.65, for a total value of $32,500.00. Following the completion of the sale, the chief financial officer owned 1,012,966 shares in the company, valued at $658,427.90. This represents a 4.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 100,000 shares of company stock worth $64,270 over the last 90 days. 76.90% of the stock is owned by insiders.

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.