Aeries Technology, Inc. (NASDAQ:AERT – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 3,311 shares, a decline of 69.1% from the September 30th total of 10,706 shares. Based on an average daily volume of 24,846 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the shares of the company are sold short.
Aeries Technology Stock Up 1.0%
Shares of Aeries Technology stock traded up $0.07 during trading on Thursday, reaching $6.26. The company’s stock had a trading volume of 14,473 shares, compared to its average volume of 42,144. The business’s 50-day moving average price is $6.79 and its 200-day moving average price is $5.44. The firm has a market cap of $32.89 million, a PE ratio of 14.57 and a beta of 0.64. Aeries Technology has a 52 week low of $2.08 and a 52 week high of $7.96.
Aeries Technology (NASDAQ:AERT – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The company reported $0.27 EPS for the quarter. The business had revenue of $21.92 million for the quarter. Aeries Technology had a net margin of 3.68% and a negative return on equity of 114.69%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings upgraded shares of Aeries Technology from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, October 2nd. One research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock has an average rating of “Hold”.
View Our Latest Stock Report on AERT
Aeries Technology Company Profile
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.
The company serves clients across multiple industries and geographies, with an international delivery model supported by operations in India and business activities in markets including North America, the United Kingdom, and other regions.
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