Aeries Technology (NASDAQ:AERT) Shares Down 2.7% – Should You Sell?

Aeries Technology, Inc. (NASDAQ:AERT) dropped 2.7% during mid-day trading on Wednesday . The company traded as low as $0.5350 and last traded at $0.5450. Approximately 51,984 shares traded hands during trading, a decline of 67% from the average daily volume of 157,344 shares. The stock had previously closed at $0.5604.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Aeries Technology in a report on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Aeries Technology currently has a consensus rating of “Sell”.

Aeries Technology Price Performance

The business’s 50-day moving average price is $0.60 and its 200 day moving average price is $0.77. The firm has a market capitalization of $26.48 million, a price-to-earnings ratio of -27.10 and a beta of -0.35.

Aeries Technology (NASDAQ:AERT) last issued its quarterly earnings results on Monday, November 10th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $17.36 million during the quarter.

Insider Activity at Aeries Technology

In other Aeries Technology news, CFO Daniel S. Webb sold 50,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $0.65, for a total transaction of $32,500.00. Following the completion of the transaction, the chief financial officer directly owned 1,012,966 shares of the company’s stock, valued at $658,427.90. The trade was a 4.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 76.90% of the company’s stock.

Institutional Trading of Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Virtu Financial LLC bought a new position in Aeries Technology, Inc. (NASDAQ:AERT) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned 0.11% of Aeries Technology at the end of the most recent reporting period. 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.