American Electric Technologies, Inc. (NASDAQ:AETI)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $0.87, but opened at $0.88. American Electric Technologies shares last traded at $0.83, with a volume of 9,853 shares trading hands.

The company has a debt-to-equity ratio of 0.01, a current ratio of 1.09 and a quick ratio of 1.06. The company’s 50 day moving average price is $0.77.

American Electric Technologies (NASDAQ:AETI) last announced its quarterly earnings data on Wednesday, May 22nd. The industrial products company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $1.40 million during the quarter. American Electric Technologies had a negative net margin of 1.24% and a negative return on equity of 29.96%.

An institutional investor recently raised its position in American Electric Technologies stock. BlackRock Inc. increased its position in shares of American Electric Technologies, Inc. (NASDAQ:AETI) by 13,084.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 637,462 shares of the industrial products company’s stock after buying an additional 632,627 shares during the quarter. BlackRock Inc. owned about 7.11% of American Electric Technologies worth $555,000 at the end of the most recent quarter. Institutional investors and hedge funds own 24.53% of the company’s stock.

American Electric Technologies Company Profile (NASDAQ:AETI)

American Electric Technologies, Inc supplies power delivery solutions in the United States and internationally. It provides power distribution, power conversion, and automation and control systems that distribute and control the flow of electricity from the source to the mechanical device. The company's power distribution products include low and medium voltage switchgears, medium voltage arc-resistant switchgears, low and medium voltage motor control centers, bus ducts, fuse and switch products, and other related power distribution equipment; and power conversion solutions comprise alternating current variable frequency drive systems, analog systems, and digital silicon controlled rectifier (SCR) products.

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