Aeries Technology (NASDAQ:AERT) Posts Earnings Results

Key Points

• Aeries Technology reported quarterly earnings of $0.03 per share, despite a negative return on equity of 2,170.47% and a negative net margin of 28.08%.
• The company's stock surged 57.1% to reach $1.10, with a trading volume significantly above its average, suggesting increased investor interest.
• Aeries Technology operates as a professional services and consulting partner, offering a variety of management consultancy services, including digital transformation and IT infrastructure management.

Aeries Technology (NASDAQ:AERT - Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, Zacks reports. Aeries Technology had a negative return on equity of 2,170.47% and a negative net margin of 4.91%. The company had revenue of $15.33 million for the quarter.

Aeries Technology Stock Down 0.9%

Aeries Technology stock traded down $0.01 during midday trading on Tuesday, reaching $0.90. The company's stock had a trading volume of 158,844 shares, compared to its average volume of 974,942. Aeries Technology has a fifty-two week low of $0.46 and a fifty-two week high of $2.80. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 2.39. The company has a market cap of $42.53 million, a P/E ratio of -11.08 and a beta of -0.34. The business has a 50-day simple moving average of $1.00 and a 200-day simple moving average of $0.76.

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.