Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Shares Up 5.1% – Still a Buy?

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was up 5.1% on Monday . The stock traded as high as $1.26 and last traded at $1.24. Approximately 1,040,867 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 1,733,414 shares. The stock had previously closed at $1.18.

Ageagle Aerial Systems Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 5.78 and a quick ratio of 4.44. The stock has a 50-day moving average price of $1.86 and a two-hundred day moving average price of $1.67.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.09) 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 company had revenue of $1.97 million during the quarter.

Hedge Funds Weigh In On Ageagle Aerial Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG boosted its holdings in Ageagle Aerial Systems by 920.4% in the third quarter. UBS Group AG now owns 429,133 shares of the company’s stock worth $863,000 after acquiring an additional 387,076 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Ageagle Aerial Systems by 98.5% in the 3rd quarter. Vanguard Group Inc. now owns 644,022 shares of the company’s stock worth $1,294,000 after purchasing an additional 319,585 shares during the last quarter. DNB Asset Management AS boosted its stake in Ageagle Aerial Systems by 203.4% in the 3rd quarter. DNB Asset Management AS now owns 361,332 shares of the company’s stock worth $726,000 after purchasing an additional 242,250 shares in the last quarter. Geode Capital Management LLC boosted its stake in Ageagle Aerial Systems by 247.4% in the 2nd quarter. Geode Capital Management LLC now owns 146,450 shares of the company’s stock worth $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 during the 3rd quarter valued at about $101,000. Hedge funds and other institutional investors own 10.89% of the company’s stock.

About Ageagle Aerial Systems

AgEagle Aerial Systems, Inc, through its subsidiaries, designs and delivers autonomous unmanned aerial systems worldwide. The company operates in three segments: Drones; Sensors; and Software-as-a-Service (SaaS). It offers unmanned aerial vehicles under the eBee Ag, eBee Geo, eBee TAC, eBee X, and eBee VISION brands; and sensor solutions, such as Altum-PT, RedEdge-P, Aeria X, Duet M, Duet T, S.O.D.A., and S.O.D.A.