Ascendiant Capital Markets Upgrades Aether (NASDAQ:ATHR) to “Moderate Buy”

Aether (NASDAQ:ATHR) was upgraded by equities research analysts at Ascendiant Capital Markets to a “moderate buy” rating in a report issued on Monday, Zacks reports.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Aether in a research report on Friday, September 25th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.00.

Aether Trading Down 1.3%

NASDAQ ATHR opened at $3.12 on Monday. Aether has a 12 month low of $1.87 and a 12 month high of $6.86. The company has a debt-to-equity ratio of 2.78, a current ratio of 3.37 and a quick ratio of 3.37. The company has a market capitalization of $38.19 million, a price-to-earnings ratio of -7.26 and a beta of 6.21. The company’s fifty day moving average price is $3.48 and its two-hundred day moving average price is $3.50.

Aether (NASDAQ:ATHR) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.01. The company had revenue of $0.33 million during the quarter. Aether had a negative net margin of 378.31% and a negative return on equity of 181.26%. As a group, research analysts predict that Aether will post -0.4 earnings per share for the current fiscal year.

Institutional Trading of Aether

An institutional investor recently bought a new position in Aether stock. Axiom Investment Management LLC bought a new stake in shares of Aether Holdings, Inc. (NASDAQ:ATHR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 33,135 shares of the company’s stock, valued at approximately $78,000. Axiom Investment Management LLC owned about 0.27% of Aether as of its most recent SEC filing.

Aether Company Profile

We are an emerging financial technology platform company that offers proprietary research analytics, data and tools for both institutional and retail equity traders through our flagship platform, SentimenTrader.com. By integrating advanced technologies, including artificial intelligence (“AI”) tools, with the critical thinking and analytical abilities of our team of evidenced-based trading veterans, we aim to provide our Users with a powerful combination of technology and expertise, enabling them to make informed decisions to level-up their trading in the markets.