Aeries Technology’s (AERT) Sell (D) Rating Reiterated at Weiss Ratings

Weiss Ratings reiterated their sell (d) rating on shares of Aeries Technology (NASDAQ:AERT) in a research report sent to investors on Friday,Weiss Ratings reports.

Aeries Technology Trading Up 7.2%

Shares of AERT stock opened at $0.59 on Friday. The stock has a market cap of $27.83 million, a P/E ratio of -7.38 and a beta of -0.36. The stock has a 50 day simple moving average of $0.69 and a 200 day simple moving average of $0.79. Aeries Technology has a 1 year low of $0.46 and a 1 year high of $2.67.

Aeries Technology (NASDAQ:AERT) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.03 earnings per share (EPS) for the quarter. The company had revenue of $15.33 million during the quarter.

Insider Activity

In related news, CFO Daniel S. Webb sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $0.65, for a total value of $32,500.00. Following the completion of the sale, the chief financial officer directly owned 1,012,966 shares in the company, valued at approximately $658,427.90. The trade was a 4.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold 100,000 shares of company stock valued at $64,270 in the last three months. Insiders own 76.90% of the company’s stock.

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.