Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Shares Down 4.5% – Here’s What Happened

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS)’s share price fell 4.5% during mid-day trading on Wednesday . The stock traded as low as $1.23 and last traded at $1.27. 5,679,992 shares traded hands during trading, a decline of 68% from the average session volume of 17,635,688 shares. The stock had previously closed at $1.33.

Ageagle Aerial Systems Trading Down 4.5%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.44 and a current ratio of 5.78. The firm has a 50 day simple moving average of $1.22 and a two-hundred day simple moving average of $1.71.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG boosted its holdings in Ageagle Aerial Systems by 920.4% in the 3rd quarter. UBS Group AG now owns 429,133 shares of the company’s stock worth $863,000 after buying an additional 387,076 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Ageagle Aerial Systems by 98.5% in the third quarter. Vanguard Group Inc. now owns 644,022 shares of the company’s stock worth $1,294,000 after acquiring an additional 319,585 shares during the period. DNB Asset Management AS grew its position in shares of Ageagle Aerial Systems by 203.4% in 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 raised its stake in shares of Ageagle Aerial Systems by 247.4% during the 2nd 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 during the period. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of Ageagle Aerial Systems during the 3rd quarter valued at $101,000. Hedge funds and other institutional investors own 10.89% of the company’s stock.

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.