Aeries Technology (NASDAQ:AERT) Trading 0.8% Higher – Should You Buy?

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

Wall Street Analysts Forecast Growth

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

Aeries Technology Price Performance

The stock has a 50-day moving average price of $6.83 and a two-hundred day moving average price of $5.26. The stock has a market cap of $37.38 million, a PE ratio of 16.56 and a beta of 0.63.

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

Institutional Trading of Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Virtu Financial LLC bought a new stake in shares of Aeries Technology, Inc. (NASDAQ:AERT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned about 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.

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.