Drone Aviation Holding Corp (OTCMKTS:DRNE – Get Free Report)’s stock price crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.15 and traded as low as $1.07. Drone Aviation shares last traded at $1.15, with a volume of 48,300 shares changing hands.
Drone Aviation Stock Performance
The firm’s 50 day moving average is $1.15 and its two-hundred day moving average is $1.15.
Institutional Trading of Drone Aviation
A hedge fund recently bought a new stake in Drone Aviation stock. TrinityBridge Ltd acquired a new position in shares of Drone Aviation Holding Corp (OTCMKTS:DRNE – Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 67,315 shares of the company’s stock, valued at approximately $13,800,000.
About Drone Aviation
Drone Aviation (OTCMKTS: DRNE) is a U.S.-based company that designs, manufactures and integrates small unmanned aerial systems (sUAS) for defense, public safety and commercial markets. The company’s core capabilities span aircraft platform development, mission-specific payload design and ground control station integration, allowing end users to deploy turnkey drone solutions for reconnaissance, inspection and surveillance tasks.
In addition to hardware offerings, Drone Aviation provides comprehensive services that include operator training, field support, maintenance programs and system upgrades.
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