Aeries Technology (NASDAQ:AERT) Trading Up 12.2% – Time to Buy?

Aeries Technology, Inc. (NASDAQ:AERTGet Free Report)’s stock price was up 12.2% during mid-day trading on Wednesday . The stock traded as high as $0.39 and last traded at $0.3710. Approximately 420,087 shares traded hands during trading, a decline of 62% from the average daily volume of 1,106,722 shares. The stock had previously closed at $0.3307.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Aeries Technology in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

View Our Latest Report on Aeries Technology

Aeries Technology Trading Up 12.2%

The business has a 50 day moving average of $0.47 and a 200-day moving average of $0.57. The stock has a market cap of $18.63 million, a PE ratio of -5.30 and a beta of -0.29.

Aeries Technology (NASDAQ:AERTGet Free Report) last released its quarterly earnings results on Monday, February 9th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $17.46 million for the quarter.

Institutional Investors Weigh In On Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Virtu Financial LLC purchased a new position in shares of Aeries Technology, Inc. (NASDAQ:AERTFree Report) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned approximately 0.11% of Aeries Technology at the end of the most recent reporting period. Institutional investors own 99.15% of the company’s stock.

Aeries Technology Company Profile

(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.

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