Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Stock Price Down 3.4% – Here’s Why

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS – Get Free Report)’s share price was down 3.4% on Wednesday. The company traded as low as $0.6339 and last traded at $0.6463. 854,635 shares changed hands during mid-day trading, an increase of 29% from the average daily volume of 664,705 shares. The stock had previously closed at $0.6688.

Ageagle Aerial Systems Stock Down 1.3%

The company has a fifty day moving average of $0.94 and a 200-day moving average of $0.94.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS – Get Free Report) last announced its earnings results on Friday, August 14th. The company reported ($0.26) EPS for the quarter. The firm had revenue of $2.69 million for the quarter. Ageagle Aerial Systems had a negative net margin of 276.51% and a negative return on equity of 78.86%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Connective Capital Management LLC purchased a new position in Ageagle Aerial Systems in the 2nd quarter valued at $33,000. Calamos Advisors LLC purchased a new stake in shares of Ageagle Aerial Systems during the first quarter worth $273,000. Finally, Calamos Wealth Management LLC purchased a new stake in shares of Ageagle Aerial Systems during the first quarter worth $273,000. 10.89% of the stock is owned by institutional investors and hedge funds.

About Ageagle Aerial Systems

(Get Free Report)

AgEagle Aerial Systems, Inc is a commercial drone and aerial intelligence company that develops unmanned aircraft systems, sensors and software for collecting and analyzing data. Its solutions are designed to help organizations monitor assets, survey land, assess infrastructure and support other operational and decision-making activities.

The company’s product portfolio has included fixed-wing and multirotor drones, multispectral and other imaging sensors, and software for flight planning, data capture and aerial analysis.

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