Aeries Technology (NASDAQ:AERT) Stock Price Up 2% – Here’s What Happened

Aeries Technology, Inc. (NASDAQ:AERT) shares rose 2% during mid-day trading on Tuesday . The company traded as high as $0.89 and last traded at $0.89. Approximately 799,403 shares traded hands during mid-day trading, a decline of 92% from the average daily volume of 9,714,745 shares. The stock had previously closed at $0.87.

Aeries Technology Price Performance

The stock has a fifty day moving average price of $0.81 and a 200-day moving average price of $0.79. The company has a market cap of $41.83 million, a PE ratio of -11.09 and a beta of -0.36. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.65 and a quick ratio of 0.65.

Aeries Technology (NASDAQ:AERT) last posted its quarterly earnings results on Thursday, August 14th. The company reported $0.03 earnings per share for the quarter. Aeries Technology had a negative net margin of 4.91% and a negative return on equity of 2,170.47%. The business had revenue of $15.33 million for the quarter.

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.