Aeries Technology (NASDAQ:AERT) Trading Down 15.7% – Time to Sell?

Aeries Technology, Inc. (NASDAQ:AERT) traded down 15.7% during trading on Thursday . The company traded as low as $0.4115 and last traded at $0.4191. 123,691 shares traded hands during trading, an increase of 66% from the average session volume of 74,612 shares. The stock had previously closed at $0.4974.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Aeries Technology in a research note on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Aeries Technology presently has a consensus rating of “Sell”.

Aeries Technology Stock Down 15.7%

The business’s fifty day moving average is $0.55 and its two-hundred day moving average is $0.66. The firm has a market cap of $20.47 million, a price-to-earnings ratio of -20.96 and a beta of -0.35.

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

Institutional Trading of Aeries Technology

An institutional investor recently bought a new position in Aeries Technology stock. Virtu Financial LLC bought a new stake in shares of Aeries Technology, Inc. (NASDAQ:AERT) during the third quarter, according to its most recent 13F filing with the SEC. 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 quarter. Institutional investors and hedge funds own 99.15% of the company’s stock.

About Aeries Technology

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.