Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Shares Down 4% – Here’s Why

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) shares fell 4% during mid-day trading on Thursday . The stock traded as low as $0.85 and last traded at $0.8933. 2,873,395 shares changed hands during trading, an increase of 116% from the average session volume of 1,331,398 shares. The stock had previously closed at $0.9310.

Ageagle Aerial Systems Stock Up 15.3%

The business has a fifty day moving average of $1.50 and a 200 day moving average of $1.69. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.44 and a current ratio of 5.78.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.09) earnings per share (EPS) for the quarter. Ageagle Aerial Systems had a negative net margin of 151.69% and a negative return on equity of 178.12%. The company had revenue of $1.97 million for the quarter.

Hedge Funds Weigh In On Ageagle Aerial Systems

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Ageagle Aerial Systems by 98.5% during the 3rd quarter. Vanguard Group Inc. now owns 644,022 shares of the company’s stock valued at $1,294,000 after acquiring an additional 319,585 shares in the last quarter. UBS Group AG lifted its stake in shares of Ageagle Aerial Systems by 920.4% in the 3rd quarter. UBS Group AG now owns 429,133 shares of the company’s stock valued at $863,000 after purchasing an additional 387,076 shares during the period. DNB Asset Management AS boosted its position in shares of Ageagle Aerial Systems by 203.4% during the third quarter. DNB Asset Management AS now owns 361,332 shares of the company’s stock valued at $726,000 after purchasing an additional 242,250 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Ageagle Aerial Systems by 247.4% during the second quarter. Geode Capital Management LLC now owns 146,450 shares of the company’s stock valued at $151,000 after purchasing an additional 104,290 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new stake in Ageagle Aerial Systems in the third quarter worth $101,000. 10.89% of the stock is owned by institutional investors.

Ageagle Aerial Systems Company Profile

Ageagle Aerial Systems, Inc (NYSE American: UAVS) is an investment and operating company dedicated to the commercial unmanned aerial systems (UAS) sector. The firm acquires and integrates UAS-related businesses across research and development, manufacturing, sales and contract operations. By combining R&D and integration, direct product sales and aerial services, Ageagle builds a diversified offering of drone technologies and end-to-end solutions for a range of industries.

Ageagle’s subsidiaries develop and supply both fixed-wing and multirotor unmanned platforms equipped with advanced payloads such as precision agricultural spraying systems, multispectral imaging, LiDAR scanning and thermal sensors.