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

Diametric Capital LP lifted its stake in Aeries Technology, Inc (NASDAQ:AERT) by 444.9% in the fourth quarter, HoldingsChannel reports. The fund owned 1,484,350 shares of the company’s stock after purchasing an additional 1,211,945 shares during the quarter. Aeries Technology makes up 0.9% of Diametric Capital LP’s holdings, making the stock its 20th largest holding. Diametric Capital LP’s holdings in Aeries Technology were worth $1,380,000 at the end of the most recent quarter.

Aeries Technology Price Performance

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

Aeries Technology (NASDAQ:AERT) last posted its quarterly earnings data on Friday, February 14th. The company reported $0.07 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 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.