Aeries Technology, Inc (NASDAQ:AERT) Shares Purchased by Diametric Capital LP

Diametric Capital LP raised its stake in Aeries Technology, Inc (NASDAQ:AERT) by 444.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,484,350 shares of the company’s stock after acquiring an additional 1,211,945 shares during the period. Aeries Technology accounts for about 0.9% of Diametric Capital LP’s investment portfolio, making the stock its 20th biggest holding. Diametric Capital LP owned about 3.34% of Aeries Technology worth $1,380,000 as of its most recent filing with the Securities & Exchange Commission.

Aeries Technology Trading Down 6.0 %

Shares of NASDAQ AERT opened at $0.58 on Tuesday. Aeries Technology, Inc has a 12-month low of $0.46 and a 12-month high of $2.93. The company has a market cap of $25.81 million, a price-to-earnings ratio of 0.36 and a beta of -0.71. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.39. The stock’s 50 day simple moving average is $0.62 and its 200 day simple moving average is $1.12.

Aeries Technology (NASDAQ:AERT) last posted its earnings results on Friday, February 14th. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $17.61 million for the quarter. Aeries Technology had a negative return on equity of 2,170.47% and a net margin of 23.81%.

Aeries Technology 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.