Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Trading Up 1.9% – Still a Buy?

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVSGet Free Report) shares were up 1.9% on Wednesday . The stock traded as high as $1.0950 and last traded at $1.07. Approximately 2,391,818 shares changed hands during trading, a decline of 24% from the average daily volume of 3,161,472 shares. The stock had previously closed at $1.05.

Ageagle Aerial Systems Stock Performance

The company has a quick ratio of 4.44, a current ratio of 5.78 and a debt-to-equity ratio of 0.01. The company has a fifty day moving average of $1.18 and a 200-day moving average of $1.49.

Institutional Trading of Ageagle Aerial Systems

Institutional investors have recently made changes to their positions in the company. Two Sigma Investments LP acquired a new stake in shares of Ageagle Aerial Systems in the third quarter worth approximately $42,000. Truist Financial Corp acquired a new position in Ageagle Aerial Systems in the 3rd quarter valued at $45,000. Bridgeway Capital Management LLC purchased a new position in Ageagle Aerial Systems in the 4th quarter valued at $25,000. J.W. Cole Advisors Inc. purchased a new position in Ageagle Aerial Systems in the 3rd quarter valued at $101,000. Finally, Renaissance Technologies LLC acquired a new stake in Ageagle Aerial Systems during the 4th quarter worth $77,000. 10.89% of the stock is owned by institutional investors and hedge funds.

About Ageagle Aerial Systems

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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.

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