Aeries Technology (NASDAQ:AERT) Stock Crosses Below 200 Day Moving Average – Here’s Why

Shares of Aeries Technology, Inc. (NASDAQ:AERT) crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $5.50 and traded as low as $5.38. Aeries Technology shares last traded at $5.43, with a volume of 1,729 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings raised 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Aeries Technology Trading Down 2.3%

The stock’s fifty day moving average price is $6.65 and its two-hundred day moving average price is $5.50. The stock has a market capitalization of $28.51 million, a P/E ratio of 12.63 and a beta of 0.67.

Aeries Technology (NASDAQ:AERT) last announced its earnings results on Monday, August 10th. The company reported $0.27 earnings per share for the quarter. The business had revenue of $21.92 million during the quarter. Aeries Technology had a net margin of 3.68% and a negative return on equity of 114.69%.

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.