Aeries Technology (NASDAQ:AERT) Trading Down 15.7% – Here’s Why

Aeries Technology, Inc. (NASDAQ:AERTGet Free Report) shares traded down 15.7% on Thursday . The stock traded as low as $0.4115 and last traded at $0.4191. 123,691 shares traded hands during trading, an increase of 66% from the average session volume of 74,612 shares. The stock had previously closed at $0.4974.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aeries Technology in a report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

Get Our Latest Report on Aeries Technology

Aeries Technology Trading Down 15.7%

The firm’s 50-day simple moving average is $0.55 and its 200 day simple moving average is $0.66. The stock has a market cap of $20.47 million, a P/E ratio of -20.96 and a beta of -0.35.

Aeries Technology (NASDAQ:AERTGet Free Report) last announced its quarterly earnings results on Monday, November 10th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $17.36 million for the quarter.

Hedge Funds Weigh In On Aeries Technology

A hedge fund recently bought a new stake in Aeries Technology stock. Virtu Financial LLC purchased a new stake in shares of Aeries Technology, Inc. (NASDAQ:AERTFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned 0.11% of Aeries Technology as of its most recent filing with the Securities and Exchange Commission. 99.15% of the stock is owned by institutional investors.

About Aeries Technology

(Get Free Report)

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.

Further Reading

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