Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Posts Earnings Results

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) issued its quarterly earnings data on Friday. The company reported ($0.26) earnings per share for the quarter, FiscalAI reports. The business had revenue of $2.69 million during the quarter. Ageagle Aerial Systems had a negative return on equity of 57.41% and a negative net margin of 103.38%.

Ageagle Aerial Systems Stock Performance

NYSEAMERICAN:UAVS traded up $0.02 during trading hours on Friday, hitting $1.09. The company had a trading volume of 4,356,157 shares, compared to its average volume of 1,748,958. The stock has a 50-day moving average price of $0.84 and a 200 day moving average price of $0.97. Ageagle Aerial Systems has a 52 week low of $0.65 and a 52 week high of $2.92.

Institutional Investors Weigh In On Ageagle Aerial Systems

Several institutional investors and hedge funds have recently modified their holdings of UAVS. Geode Capital Management LLC increased its position in shares of Ageagle Aerial Systems by 247.4% during the second quarter. Geode Capital Management LLC now owns 146,450 shares of the company’s stock valued at $151,000 after buying an additional 104,290 shares during the period. Vanguard Group Inc. boosted its position in Ageagle Aerial Systems by 98.5% during the 3rd quarter. Vanguard Group Inc. now owns 644,022 shares of the company’s stock valued at $1,294,000 after acquiring an additional 319,585 shares in the last quarter. UBS Group AG boosted its position in Ageagle Aerial Systems by 920.4% during the 3rd quarter. UBS Group AG now owns 429,133 shares of the company’s stock valued at $863,000 after acquiring an additional 387,076 shares in the last quarter. Two Sigma Investments LP purchased a new position in shares of Ageagle Aerial Systems during the 3rd quarter worth approximately $42,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Ageagle Aerial Systems during the 4th quarter worth approximately $77,000. 10.89% of the stock is owned by hedge funds and other 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.