Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Stock Falls 3.4% – Should You Sell?

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS)’s share price traded down 3.4% on Wednesday. The company traded as low as $0.6339 and last traded at $0.6463. Approximately 854,635 shares traded hands during 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 Trading Down 3.4%

The stock’s 50-day simple moving average is $0.95 and its two-hundred day simple moving average is $0.94.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last issued its quarterly earnings results on Friday, August 14th. The company reported ($0.26) earnings per share (EPS) for the quarter. The business had revenue of $2.69 million during the quarter. Ageagle Aerial Systems had a negative net margin of 276.51% and a negative return on equity of 78.86%.

Hedge Funds Weigh In On Ageagle Aerial Systems

Large investors have recently made changes to their positions in the business. Connective Capital Management LLC bought a new stake in Ageagle Aerial Systems during the 2nd quarter valued at approximately $33,000. Calamos Wealth Management LLC acquired a new stake in Ageagle Aerial Systems in the 1st quarter valued at approximately $273,000. Finally, Calamos Advisors LLC acquired a new stake in Ageagle Aerial Systems in the 1st quarter valued at approximately $273,000. Institutional investors and hedge funds own 10.89% of the company’s stock.

Ageagle Aerial Systems Company Profile

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.