Aeries Technology (NASDAQ:AERT) Issues Earnings Results

Aeries Technology (NASDAQ:AERT) issued its earnings results on Wednesday. The company reported $0.03 earnings per share for the quarter, Zacks reports. Aeries Technology had a net margin of 3.68% and a negative return on equity of 114.69%.

Aeries Technology Trading Up 3.2%

AERT stock traded up $0.17 during trading hours on Wednesday, hitting $5.50. 6,166 shares of the stock were exchanged, compared to its average volume of 40,907. The firm has a market capitalization of $28.87 million, a P/E ratio of 12.79 and a beta of 0.68. The company has a 50-day simple moving average of $6.58 and a two-hundred day simple moving average of $5.50. Aeries Technology has a 12 month low of $2.08 and a 12 month high of $7.96.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Aeries Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Hold rating. According to MarketBeat.com, Aeries Technology presently has an average rating of “Hold”.

About Aeries Technology

Aeries Technology, Inc. (NASDAQ: AERT) is a global professional services and consulting company that helps businesses and investment firms manage transformation, transition, and growth initiatives. The company provides technology-enabled solutions designed to support clients’ operational, financial, and strategic needs. Its services include finance and accounting, tax and audit support, technology consulting, digital transformation, data and analytics, and managed services. Aeries Technology also offers talent and staffing solutions, helping clients access specialized professionals and scalable teams for business operations and technology projects.