Aeries Technology (NASDAQ:AERT) Releases Quarterly Earnings Results

Aeries Technology (NASDAQ:AERT) issued its earnings results on Monday. The company reported ($0.01) earnings per share for the quarter, FiscalAI reports. Aeries Technology had a negative return on equity of 88.32% and a net margin of 3.64%.The business had revenue of $19.87 million during the quarter.

Aeries Technology Stock Performance

Shares of NASDAQ:AERT opened at $0.79 on Wednesday. Aeries Technology has a fifty-two week low of $0.26 and a fifty-two week high of $1.52. The business has a 50-day simple moving average of $0.64 and a two-hundred day simple moving average of $0.54. The firm has a market cap of $39.70 million, a price-to-earnings ratio of 15.82 and a beta of 0.66.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Aeries Technology from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, April 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

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 stake in shares of Aeries Technology, Inc. (NASDAQ:AERT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned 0.11% of Aeries Technology as of its most recent SEC filing. 99.15% of the stock is currently owned by institutional investors.

Aeries Technology Company Profile

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.