Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Trading Down 3.1% – Here’s What Happened

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) was down 3.1% during mid-day trading on Tuesday . The stock traded as low as $0.95 and last traded at $0.95. Approximately 1,498,199 shares were traded during trading, a decline of 26% from the average daily volume of 2,020,882 shares. The stock had previously closed at $0.98.

Ageagle Aerial Systems Trading Down 3.1%

The firm’s fifty day moving average is $1.03 and its 200-day moving average is $1.14.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last released its quarterly earnings data on Tuesday, March 31st. The company reported ($0.06) earnings per share (EPS) for the quarter. The business had revenue of $2.99 million during the quarter. Ageagle Aerial Systems had a negative return on equity of 57.41% and a negative net margin of 103.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UAVS. XTX Topco Ltd grew 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 worth $80,000 after acquiring an additional 85,780 shares during the period. Jane Street Group LLC grew 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 worth $146,000 after acquiring an additional 119,045 shares during the period. Renaissance Technologies LLC purchased a new stake in Ageagle Aerial Systems in the 4th quarter valued at about $77,000. Geode Capital Management LLC grew its holdings in Ageagle Aerial Systems by 31.4% in the 4th quarter. Geode Capital Management LLC now owns 398,259 shares of the company’s stock valued at $324,000 after buying an additional 95,108 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in Ageagle Aerial Systems in the 3rd quarter valued at about $42,000. Hedge funds and other 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.