Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Trading 2.6% Higher – Time to Buy?

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS)’s share price was up 2.6% during trading on Wednesday . The stock traded as high as $1.08 and last traded at $1.02. Approximately 1,758,253 shares changed hands during trading, a decline of 34% from the average daily volume of 2,667,278 shares. The stock had previously closed at $0.9941.

Ageagle Aerial Systems Stock Performance

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’s 50 day moving average is $1.17 and its 200 day moving average is $1.60.

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

Institutional Investors Weigh In On Ageagle Aerial Systems

Several hedge funds and other institutional investors have recently made changes to their positions in UAVS. Two Sigma Investments LP purchased a new stake in shares of Ageagle Aerial Systems in the 3rd quarter worth $42,000. Truist Financial Corp purchased a new position in Ageagle Aerial Systems during the third quarter valued at $45,000. Bridgeway Capital Management LLC bought a new stake in Ageagle Aerial Systems during the fourth quarter valued at about $25,000. J.W. Cole Advisors Inc. bought a new stake in Ageagle Aerial Systems during the third quarter valued at about $101,000. Finally, Renaissance Technologies LLC purchased a new stake in Ageagle Aerial Systems in the fourth quarter worth about $77,000. 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.