Aeries Technology (NASDAQ:AERT) Shares Down 1.6% – What’s Next?

Aeries Technology, Inc. (NASDAQ:AERT)’s share price was down 1.6% during mid-day trading on Wednesday . The stock traded as low as $6.00 and last traded at $6.25. Approximately 12,568 shares traded hands during mid-day trading, a decline of 40% from the average session volume of 20,855 shares. The stock had previously closed at $6.35.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Aeries Technology from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, June 15th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Aeries Technology Price Performance

The stock has a market cap of $35.93 million, a P/E ratio of 15.65 and a beta of 0.62. The stock’s 50-day moving average is $6.53 and its two-hundred day moving average is $4.86.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Aeries Technology stock. Virtu Financial LLC bought a new position in Aeries Technology, Inc. (NASDAQ:AERT) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 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 quarter. 99.15% of the stock is currently owned by hedge funds and other institutional investors.

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.