Aeries Technology (NASDAQ:AERT) Posts Quarterly Earnings Results

Aeries Technology (NASDAQ:AERTGet Free Report) issued its earnings results on Monday. The company reported $0.27 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $21.92 million for the quarter. Aeries Technology had a negative return on equity of 87.21% and a net margin of 3.64%.

Aeries Technology Stock Down 6.3%

AERT stock opened at $6.60 on Monday. Aeries Technology has a 52 week low of $2.08 and a 52 week high of $11.60. The company has a fifty day simple moving average of $6.61 and a two-hundred day simple moving average of $4.95. The firm has a market capitalization of $37.88 million, a P/E ratio of 16.50 and a beta of 0.63.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Aeries Technology stock. Virtu Financial LLC bought a new position in Aeries Technology, Inc. (NASDAQ:AERTFree Report) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned 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 Analysts Forecast Growth

Separately, Weiss Ratings raised Aeries Technology from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Aeries Technology presently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on Aeries Technology

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.

Recommended Stories

Earnings History for Aeries Technology (NASDAQ:AERT)

Receive News & Ratings for Aeries Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aeries Technology and related companies with MarketBeat.com's FREE daily email newsletter.