Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Trading Up 6.4% – Here’s What Happened

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS)’s stock price traded up 6.4% during mid-day trading on Wednesday . The company traded as high as $0.9262 and last traded at $0.91. 1,012,800 shares were traded during mid-day trading, a decline of 55% from the average session volume of 2,232,532 shares. The stock had previously closed at $0.8554.

Ageagle Aerial Systems Stock Performance

The firm has a 50 day moving average of $0.83 and a 200 day moving average of $0.96.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) 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 return on equity of 78.86% and a negative net margin of 276.51%.The business had revenue of $2.69 million during the quarter.

Institutional Trading of Ageagle Aerial Systems

Several hedge funds have recently modified their holdings of UAVS. Bridgeway Capital Management LLC bought a new position in Ageagle Aerial Systems during the fourth quarter worth $25,000. Two Sigma Investments LP acquired a new stake in Ageagle Aerial Systems in the third quarter worth $42,000. Renaissance Technologies LLC bought a new stake in Ageagle Aerial Systems in the fourth quarter valued at $77,000. XTX Topco Ltd increased its stake in Ageagle Aerial Systems by 690.5% in the fourth quarter. XTX Topco Ltd now owns 98,203 shares of the company’s stock valued at $80,000 after purchasing an additional 85,780 shares in the last quarter. Finally, Virtu Financial LLC bought a new stake in Ageagle Aerial Systems in the fourth quarter valued at $91,000. Institutional investors own 10.89% of the company’s stock.

About Ageagle Aerial Systems

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.