Aeries Technology (NASDAQ:AERT) Posts Earnings Results

Aeries Technology (NASDAQ:AERT) announced its earnings results on Wednesday. The company reported $0.03 earnings per share (EPS) for the quarter, Zacks reports. Aeries Technology had a net margin of 3.68% and a negative return on equity of 114.69%.

Aeries Technology Stock Performance

Shares of AERT traded up $0.17 during mid-day trading on Wednesday, reaching $5.50. The company had a trading volume of 6,166 shares, compared to its average volume of 40,907. The company has a market capitalization of $28.87 million, a price-to-earnings ratio of 12.79 and a beta of 0.68. The company’s 50 day simple moving average is $6.58 and its 200 day simple moving average is $5.50. Aeries Technology has a 1-year low of $2.08 and a 1-year high of $7.96.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

About Aeries Technology

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.