Aeries Technology’s (AERT) “Sell (D)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (d) rating on shares of Aeries Technology (NASDAQ:AERT) in a research note published on Wednesday morning,Weiss Ratings reports.

Aeries Technology Price Performance

Shares of AERT stock opened at $0.65 on Wednesday. Aeries Technology has a 12-month low of $0.46 and a 12-month high of $2.67. The firm has a market capitalization of $30.46 million, a price-to-earnings ratio of -8.08 and a beta of -0.36. The business has a 50 day simple moving average of $0.74 and a 200 day simple moving average of $0.79.

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

Insider Transactions at Aeries Technology

In other Aeries Technology news, CFO Daniel S. Webb sold 50,000 shares of the stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $0.65, for a total transaction of $32,500.00. Following the completion of the transaction, the chief financial officer directly owned 1,012,966 shares of the company’s stock, valued at approximately $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 hyperlink. Over the last three months, insiders sold 100,000 shares of company stock worth $64,270. Company insiders own 76.90% of the company’s stock.

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.