Aterian (NASDAQ:ATER) Shares Down 15.4%

Aterian, Inc. (NASDAQ:ATER) was down 15.4% during trading on Wednesday . The company traded as low as $2.49 and last traded at $2.58. Approximately 355,125 shares changed hands during trading, an increase of 253% from the average daily volume of 100,646 shares. The stock had previously closed at $3.05.

Aterian Trading Down 15.4 %

The business has a 50-day moving average price of $4.22 and a 200 day moving average price of $3.96. The stock has a market cap of $19.79 million, a PE ratio of -0.22 and a beta of 1.93.

Aterian (NASDAQ:ATER) last issued its quarterly earnings results on Tuesday, March 12th. The company reported ($1.20) EPS for the quarter, meeting analysts’ consensus estimates of ($1.20). The firm had revenue of $32.75 million for the quarter, compared to analysts’ expectations of $31.60 million. Aterian had a negative return on equity of 78.29% and a negative net margin of 52.30%. On average, equities analysts predict that Aterian, Inc. will post -3.96 earnings per share for the current year.

Institutional Trading of Aterian

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Aterian by 3.3% in the 3rd quarter. BlackRock Inc. now owns 4,211,532 shares of the company’s stock worth $5,222,000 after acquiring an additional 133,475 shares during the last quarter. Vanguard Group Inc. increased its stake in Aterian by 15.7% in the 3rd quarter. Vanguard Group Inc. now owns 2,772,281 shares of the company’s stock worth $3,437,000 after acquiring an additional 375,488 shares during the last quarter. Renaissance Technologies LLC bought a new position in Aterian in the 1st quarter worth about $4,307,000. Geode Capital Management LLC increased its stake in Aterian by 5.4% in the 1st quarter. Geode Capital Management LLC now owns 1,367,852 shares of the company’s stock worth $1,176,000 after acquiring an additional 69,690 shares during the last quarter. Finally, State Street Corp increased its position in shares of Aterian by 9.3% during the 1st quarter. State Street Corp now owns 1,152,637 shares of the company’s stock valued at $991,000 after purchasing an additional 98,289 shares during the last quarter. Hedge funds and other institutional investors own 7.02% of the company’s stock.

About Aterian

Aterian, Inc, together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. The company's platform offers home and kitchen appliances; kitchenware; cooling, and air quality appliances, such as dehumidifiers; health and beauty products; and essential oils under the Squatty Potty; hOmeLabs; Aussie Health; Mueller; Pursteam; Healing Solutions; and Photo Paper Direct brands.