Aeries Technology (NASDAQ:AERT) Trading Down 15.7% – Time to Sell?

Shares of Aeries Technology, Inc. (NASDAQ:AERTGet Free Report) fell 15.7% during mid-day trading on Thursday . The company 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 reissued a “sell (e+)” rating on shares of Aeries Technology in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

Get Our Latest Research Report on Aeries Technology

Aeries Technology Price Performance

The stock has a market cap of $21.01 million, a P/E ratio of -21.51 and a beta of -0.35. The business’s 50 day simple moving average is $0.54 and its 200 day simple moving average is $0.65.

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

Institutional Trading of Aeries Technology

A hedge fund recently bought a new stake in Aeries Technology stock. Virtu Financial LLC acquired a new position in Aeries Technology, Inc. (NASDAQ:AERTFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned approximately 0.11% of Aeries Technology as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 99.15% of the company’s stock.

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.

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