Aeries Technology (NASDAQ:AERT) Releases Earnings Results

Aeries Technology (NASDAQ:AERTGet Free Report) posted its quarterly earnings data on Monday. The company reported $0.01 earnings per share for the quarter, Zacks reports.

Aeries Technology Stock Up 1.2%

Shares of NASDAQ AERT opened at $0.66 on Monday. The business has a fifty day simple moving average of $0.66 and a 200-day simple moving average of $0.79. The company has a market cap of $30.88 million, a price-to-earnings ratio of -8.19 and a beta of -0.36. Aeries Technology has a 12 month low of $0.46 and a 12 month high of $2.67.

Insider Buying and Selling

In other Aeries Technology news, CFO Daniel S. Webb sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $0.65, for a total value of $32,500.00. Following the completion of the transaction, the chief financial officer directly owned 1,012,966 shares in the company, valued at $658,427.90. This trade represents a 4.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders have sold 100,000 shares of company stock worth $64,270 over the last ninety days. 76.90% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Aeries Technology in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Aeries Technology presently has a consensus rating of “Sell”.

Check Out Our Latest Stock Analysis on AERT

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.

Further Reading

Earnings History for Aeries Technology (NASDAQ:AERT)

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