Aeries Technology, Inc. (NASDAQ:AERT – Get Free Report)’s stock price shot up 1.6% on Friday . The company traded as high as $0.66 and last traded at $0.6451. 124,735 shares traded hands during trading, a decline of 55% from the average session volume of 277,079 shares. The stock had previously closed at $0.6350.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of Aeries Technology from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, April 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.
View Our Latest Analysis on AERT
Aeries Technology Price Performance
Aeries Technology (NASDAQ:AERT – Get Free Report) last released its earnings results on Monday, February 9th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $17.46 million for the quarter.
Institutional Investors Weigh In On Aeries Technology
A hedge fund recently bought a new stake in Aeries Technology stock. Virtu Financial LLC bought a new position in shares of Aeries Technology, Inc. (NASDAQ:AERT – Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned approximately 0.11% of Aeries Technology as of its most recent SEC filing. 99.15% of the stock is currently owned by institutional investors and hedge funds.
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. The company was founded in 2012 and is headquartered in Singapore.
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