Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Stock Price Down 2% – Should You Sell?

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS)’s stock price dropped 2% during trading on Tuesday . The company traded as low as $0.8758 and last traded at $0.9179. Approximately 1,385,627 shares changed hands during trading, a decline of 54% from the average daily volume of 2,982,679 shares. The stock had previously closed at $0.9370.

Ageagle Aerial Systems Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.44 and a current ratio of 5.78. The stock has a 50-day moving average price of $1.02 and a 200 day moving average price of $1.37.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last posted its earnings results on Tuesday, March 31st. The company reported ($0.06) EPS for the quarter. Ageagle Aerial Systems had a negative net margin of 151.69% and a negative return on equity of 178.12%. The business had revenue of $2.99 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC purchased a new position in Ageagle Aerial Systems in the 4th quarter valued at about $91,000. XTX Topco Ltd lifted its stake in Ageagle Aerial Systems by 690.5% in the 4th quarter. XTX Topco Ltd now owns 98,203 shares of the company’s stock valued at $80,000 after buying an additional 85,780 shares in the last quarter. Bridgeway Capital Management LLC purchased a new position in Ageagle Aerial Systems in the 4th quarter valued at about $25,000. Jane Street Group LLC lifted its stake in Ageagle Aerial Systems by 198.6% in the 4th quarter. Jane Street Group LLC now owns 178,996 shares of the company’s stock valued at $146,000 after buying an additional 119,045 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Ageagle Aerial Systems in the 4th quarter valued at about $77,000. 10.89% of the stock is owned by hedge funds and other institutional investors.

Ageagle Aerial Systems Company Profile

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.