Aeries Technology (NASDAQ:AERT) Releases Quarterly Earnings Results

Aeries Technology (NASDAQ:AERT) announced its earnings results on Monday. The company reported ($0.01) EPS for the quarter, FiscalAI reports. The firm had revenue of $19.87 million during the quarter.

Aeries Technology Stock Performance

AERT opened at $0.78 on Tuesday. The stock has a 50-day moving average of $0.63 and a 200-day moving average of $0.53. Aeries Technology has a 52-week low of $0.26 and a 52-week high of $1.52. The company has a market cap of $39.40 million, a PE ratio of -11.21 and a beta of 0.66.

Hedge Funds Weigh In On Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Virtu Financial LLC acquired a new stake in Aeries Technology, Inc. (NASDAQ:AERT) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned about 0.11% of Aeries Technology as of its most recent filing with the SEC. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Aeries Technology from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, April 24th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Aeries Technology Company Profile

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.