American Electric Technologies, Inc. (NASDAQ:AETI) released its quarterly earnings results on Tuesday, August 8th. The industrial products company reported ($0.13) EPS for the quarter, Bloomberg Earnings reports. American Electric Technologies had a negative return on equity of 76.97% and a negative net margin of 20.18%. The business had revenue of $12.96 million for the quarter.
American Electric Technologies (NASDAQ AETI) traded down 5.56% during trading on Friday, reaching $1.70. 38,344 shares of the company were exchanged. The firm’s 50 day moving average price is $1.83 and its 200-day moving average price is $1.80. American Electric Technologies has a one year low of $1.30 and a one year high of $3.60. The stock’s market capitalization is $14.65 million.
A hedge fund recently raised its stake in American Electric Technologies stock. New York State Common Retirement Fund increased its stake in shares of American Electric Technologies, Inc. (NASDAQ:AETI) by 54.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 401,866 shares of the industrial products company’s stock after buying an additional 142,329 shares during the period. New York State Common Retirement Fund owned approximately 4.73% of American Electric Technologies worth $723,000 as of its most recent SEC filing. 38.79% of the stock is currently owned by institutional investors and hedge funds.
American Electric Technologies Company Profile
American Electric Technologies, Inc is a provider of power delivery solutions to the global energy industry. The Company serves a range of markets, such as power generation and distribution, oil and gas, and marine and industrial. It provides power delivery solutions for the power generation and distribution market sectors.
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