Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Releases Quarterly Earnings Results

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) released its quarterly earnings data on Tuesday. The company reported ($0.06) earnings per share for the quarter, FiscalAI reports. Ageagle Aerial Systems had a negative net margin of 151.69% and a negative return on equity of 178.12%. The company had revenue of $2.99 million during the quarter.

Ageagle Aerial Systems Trading Up 5.1%

NYSEAMERICAN:UAVS traded up $0.04 on Tuesday, hitting $0.90. The stock had a trading volume of 1,459,031 shares, compared to its average volume of 3,612,079. The company has a quick ratio of 4.44, a current ratio of 5.78 and a debt-to-equity ratio of 0.01. Ageagle Aerial Systems has a 52 week low of $0.72 and a 52 week high of $3.61. The business’s fifty day moving average is $1.05 and its 200 day moving average is $1.40.

Hedge Funds Weigh In On Ageagle Aerial Systems

A number of large investors have recently modified their holdings of the company. Virtu Financial LLC bought a new stake in Ageagle Aerial Systems during the 4th quarter valued at $91,000. XTX Topco Ltd lifted its stake in shares of 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 buying an additional 85,780 shares in the last quarter. Bridgeway Capital Management LLC acquired a new position in shares of Ageagle Aerial Systems during the fourth quarter valued at about $25,000. Jane Street Group LLC grew its holdings in shares of Ageagle Aerial Systems by 198.6% during the fourth 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 during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Ageagle Aerial Systems during the fourth quarter worth about $77,000. 10.89% of the stock is currently owned by institutional investors.

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.