Aeries Technology (NASDAQ:AERT) Shares Up 8.9% – Time to Buy?

Aeries Technology, Inc. (NASDAQ:AERTGet Free Report) traded up 8.9% during mid-day trading on Wednesday . The company traded as high as $7.17 and last traded at $6.99. 67,710 shares changed hands during mid-day trading, a decline of 2% from the average session volume of 69,113 shares. The stock had previously closed at $6.42.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Aeries Technology from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Aeries Technology presently has a consensus rating of “Sell”.

View Our Latest Research Report on Aeries Technology

Aeries Technology Price Performance

The firm has a market capitalization of $40.12 million, a PE ratio of 17.48 and a beta of 0.66. The business has a 50-day simple moving average of $5.36 and a 200-day simple moving average of $4.32.

Institutional Trading of Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Virtu Financial LLC purchased a new position in Aeries Technology, Inc. (NASDAQ:AERTFree Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 49,890 shares of the company’s stock, valued at approximately $33,000. Virtu Financial LLC owned about 0.11% of Aeries Technology as of its most recent SEC filing. 99.15% of the stock is owned by hedge funds and other institutional investors.

About Aeries Technology

(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. The company was founded in 2012 and is headquartered in Singapore.

See Also

Receive News & Ratings for Aeries Technology Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aeries Technology and related companies with MarketBeat.com's FREE daily email newsletter.