American Electric Technologies, Inc. (NASDAQ:AETI) saw an uptick in trading volume on Monday . 6,728,072 shares were traded during mid-day trading, an increase of 3,077% from the previous session’s volume of 211,763 shares.The stock last traded at $0.95 and had previously closed at $0.83.
An institutional investor recently raised its position in American Electric Technologies stock. BlackRock Inc. lifted its stake in American Electric Technologies, Inc. (NASDAQ:AETI) by 13,084.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 637,462 shares of the industrial products company’s stock after buying an additional 632,627 shares during the period. BlackRock Inc. owned approximately 7.11% of American Electric Technologies worth $555,000 as of its most recent SEC filing. Institutional investors and hedge funds own 26.05% of the company’s stock.
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American Electric Technologies, Inc supplies power delivery solutions in the United States and internationally. It provides power distribution, power conversion, and automation and control systems that distribute and control the flow of electricity from the source to the mechanical device. The company's power distribution products include low and medium voltage switchgears, medium voltage arc-resistant switchgears, low and medium voltage motor control centers, bus ducts, fuse and switch products, and other related power distribution equipment; and power conversion solutions comprise alternating current variable frequency drive systems, analog systems, and digital silicon controlled rectifier (SCR) products.
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