Aeries Technology (NASDAQ:AERT) Announces Quarterly Earnings Results

Aeries Technology (NASDAQ:AERTGet Free Report) posted its earnings results on Monday. The company reported $0.02 earnings per share for the quarter, FiscalAI reports. The company had revenue of $17.46 million for the quarter.

Aeries Technology Price Performance

AERT stock opened at $0.43 on Monday. The company has a 50-day moving average of $0.54 and a two-hundred day moving average of $0.65. The stock has a market capitalization of $21.01 million, a price-to-earnings ratio of -21.51 and a beta of -0.35. Aeries Technology has a 52-week low of $0.41 and a 52-week high of $1.52.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on Aeries Technology

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Aeries Technology stock. Virtu Financial LLC bought a new position in shares of Aeries Technology, Inc. (NASDAQ:AERTFree Report) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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 SEC filing. Hedge funds and other institutional investors 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.

Further Reading

Earnings History for Aeries Technology (NASDAQ:AERT)

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