American Electric Technologies, Inc. (NASDAQ:AETI) released its earnings results on Tuesday, August 8th. The industrial products company reported ($0.13) earnings per share for the quarter, Bloomberg Earnings reports. The firm had revenue of $12.96 million during the quarter. American Electric Technologies had a negative net margin of 20.18% and a negative return on equity of 76.97%.
American Electric Technologies (NASDAQ AETI) traded down 5.56% during trading on Friday, hitting $1.70. The stock had a trading volume of 38,344 shares. The stock’s 50 day moving average price is $1.83 and its 200 day moving average price is $1.80. American Electric Technologies has a 12-month low of $1.30 and a 12-month high of $3.60. The firm’s market cap is $14.65 million.
A hedge fund recently raised its stake in American Electric Technologies stock. New York State Common Retirement Fund increased its position in shares of American Electric Technologies, Inc. (NASDAQ:AETI) by 54.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter. 38.79% of the stock is owned by institutional investors.
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About American Electric Technologies
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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