Aeries Technology (NASDAQ:AERT) CFO Sells $32,500.00 in Stock

Aeries Technology, Inc. (NASDAQ:AERT) CFO Daniel Webb sold 50,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $0.65, for a total value of $32,500.00. Following the transaction, the chief financial officer owned 1,012,966 shares of the company’s stock, valued at $658,427.90. This trade represents a 4.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Aeries Technology Stock Performance

Shares of AERT opened at $0.65 on Monday. Aeries Technology, Inc. has a one year low of $0.46 and a one year high of $2.67. The stock’s fifty day moving average is $0.76 and its 200-day moving average is $0.79. The firm has a market capitalization of $30.46 million, a price-to-earnings ratio of -8.08 and a beta of -0.36.

Aeries Technology (NASDAQ:AERT) last posted its quarterly earnings data on Thursday, August 14th. The company reported $0.03 earnings per share for the quarter. The company had revenue of $15.33 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Aeries Technology in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Aeries Technology presently has a consensus rating of “Sell”.

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.