Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Trading Down 3.1% – Here’s What Happened

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVSGet Free Report) shares fell 3.1% during mid-day trading on Tuesday . The company traded as low as $0.95 and last traded at $0.95. 1,498,199 shares changed hands during trading, a decline of 26% from the average session volume of 2,020,882 shares. The stock had previously closed at $0.98.

Ageagle Aerial Systems Trading Down 3.1%

The stock’s 50-day moving average is $1.03 and its 200-day moving average is $1.14.

Ageagle Aerial Systems (NYSEAMERICAN:UAVSGet Free Report) last posted its earnings results on Tuesday, March 31st. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $2.99 million for the quarter. Ageagle Aerial Systems had a negative return on equity of 57.41% and a negative net margin of 103.38%.

Institutional Trading of Ageagle Aerial Systems

A number of hedge funds and other institutional investors have recently modified their holdings of UAVS. Bridgeway Capital Management LLC bought a new stake in shares of Ageagle Aerial Systems in the fourth quarter worth $25,000. Two Sigma Investments LP bought a new stake in shares of Ageagle Aerial Systems in the third quarter worth $42,000. Truist Financial Corp bought a new stake in shares of Ageagle Aerial Systems in the third quarter worth $45,000. Renaissance Technologies LLC bought a new stake in shares of Ageagle Aerial Systems in the fourth quarter worth $77,000. Finally, XTX Topco Ltd increased its stake in shares of Ageagle Aerial Systems by 690.5% in the fourth quarter. XTX Topco Ltd now owns 98,203 shares of the company’s stock worth $80,000 after buying an additional 85,780 shares during the last quarter. 10.89% of the stock is owned by hedge funds and other institutional investors.

About Ageagle Aerial Systems

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Ageagle Aerial Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ageagle Aerial Systems and related companies with MarketBeat.com's FREE daily email newsletter.