Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Stock Price Up 0.1% – Still a Buy?

Shares of Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS – Get Free Report) rose 0.1% on Wednesday. The company traded as high as $0.98 and last traded at $0.9550. Approximately 285,125 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 851,144 shares. The stock had previously closed at $0.9544.

Ageagle Aerial Systems Price Performance

The firm has a 50 day moving average price of $0.95 and a 200-day moving average price of $0.96.

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Ageagle Aerial Systems (NYSEAMERICAN:UAVS – Get Free Report) last issued its earnings results on Friday, August 14th. The company reported ($0.26) earnings per share for the quarter. Ageagle Aerial Systems had a negative net margin of 276.51% and a negative return on equity of 78.86%. The firm had revenue of $2.69 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 business. Calamos Advisors LLC purchased a new position in shares of Ageagle Aerial Systems during the first quarter worth about $273,000. Calamos Wealth Management LLC acquired a new position in Ageagle Aerial Systems during the first quarter worth about $273,000. Finally, Connective Capital Management LLC purchased a new stake in Ageagle Aerial Systems during the 2nd quarter worth about $33,000. 10.89% of the stock is owned by institutional investors and hedge funds.

Ageagle Aerial Systems Company Profile

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AgEagle Aerial Systems, Inc is a commercial drone technology company that develops and supplies unmanned aerial systems, sensors and software for collecting and analyzing aerial data. Its solutions are designed to help organizations automate surveying, mapping, inspection and monitoring activities.

The company’s product portfolio has included the eBee line of fixed-wing drones, MicaSense multispectral imaging sensors and software for mission planning, flight management and data analysis.

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