Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Stock Price Up 7.8% – Still a Buy?

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS)’s stock price rose 7.8% during mid-day trading on Wednesday. The company traded as high as $0.4180 and last traded at $0.3864. Approximately 1,558,240 shares were traded during mid-day trading, an increase of 51% from the average daily volume of 1,032,494 shares. The stock had previously closed at $0.3585.

Ageagle Aerial Systems Stock Down 4.8%

The stock’s fifty day moving average is $0.76 and its two-hundred day moving average is $0.92.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last issued its earnings results on Friday, August 14th. The company reported ($0.26) earnings per share (EPS) for the quarter. The firm 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%.

Institutional Trading of Ageagle Aerial Systems

Several institutional investors and hedge funds have recently bought and sold shares of UAVS. Connective Capital Management LLC bought a new stake in shares of Ageagle Aerial Systems during the 2nd quarter valued at about $33,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in Ageagle Aerial Systems in the third quarter valued at approximately $34,000. Calamos Advisors LLC purchased a new stake in Ageagle Aerial Systems in the first quarter valued at approximately $273,000. Finally, Calamos Wealth Management LLC bought a new stake in Ageagle Aerial Systems during the first quarter valued at approximately $273,000. 10.89% of the stock is currently owned by hedge funds and other institutional investors.

About Ageagle Aerial Systems

AgEagle Aerial Systems, Inc. develops and provides drone-based hardware, sensors, software and related services for commercial and government customers. Its solutions are designed to help organizations collect, process and analyze aerial data for applications such as agriculture, surveying and mapping, infrastructure inspection, public safety, construction and defense. The company’s product portfolio has included the eBee series of fixed-wing unmanned aerial systems, including platforms designed for mapping, surveying and tactical applications.