Aeries Technology (NASDAQ:AERT) Stock Price Up 0.8% – Should You Buy?

Aeries Technology, Inc. (NASDAQ:AERT)’s share price shot up 0.8% during trading on Monday . The company traded as high as $7.61 and last traded at $7.12. Approximately 25,671 shares traded hands during mid-day trading, an increase of 63% from the average session volume of 15,725 shares. The stock had previously closed at $7.06.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Aeries Technology from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 3rd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Aeries Technology currently has an average rating of “Hold”.

Aeries Technology Price Performance

The firm has a market capitalization of $37.38 million, a P/E ratio of 16.56 and a beta of 0.63. The stock’s 50-day simple moving average is $6.83 and its two-hundred day simple moving average is $5.26.

Aeries Technology (NASDAQ:AERT) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.27 earnings per share (EPS) for the quarter. Aeries Technology had a net margin of 3.68% and a negative return on equity of 114.69%. The firm had revenue of $21.92 million during the quarter.

Institutional Investors Weigh In On Aeries Technology

An institutional investor recently bought a new stake in Aeries Technology stock. Virtu Financial LLC bought a new stake in shares of Aeries Technology, Inc. (NASDAQ:AERT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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 quarter. 99.15% of the stock is owned by institutional investors and hedge funds.

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.