Aeries Technology (NASDAQ:AERT) Shares Up 0.8% – Here’s What Happened

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

Wall Street Analyst Weigh In

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

Aeries Technology Price Performance

The firm has a market capitalization of $37.92 million, a PE ratio of 16.80 and a beta of 0.63. The firm has a fifty day moving average price of $6.84 and a 200 day moving average price of $5.29.

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

Institutional Investors Weigh In On Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Virtu Financial LLC acquired a new position in shares of Aeries Technology, Inc. (NASDAQ:AERT) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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. 99.15% of the stock is currently owned by institutional investors and hedge funds.

About Aeries Technology

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.