Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Stock Price Down 5.6% – Here’s What Happened

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) shares traded down 5.6% on Wednesday . The company traded as low as $1.01 and last traded at $1.02. Approximately 891,191 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 2,090,679 shares. The stock had previously closed at $1.08.

Ageagle Aerial Systems Stock Performance

The business’s 50 day simple moving average is $0.89 and its 200 day simple moving average is $0.97.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last released its earnings results on Friday, August 14th. The company reported ($0.26) earnings per share for the quarter. The firm had revenue of $2.69 million during the quarter. Ageagle Aerial Systems had a negative return on equity of 78.86% and a negative net margin of 276.51%.

Institutional Investors Weigh In On Ageagle Aerial Systems

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake 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 lifted its position in shares of Ageagle Aerial Systems by 920.4% in the third quarter. UBS Group AG now owns 429,133 shares of the company’s stock worth $863,000 after purchasing an additional 387,076 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ageagle Aerial Systems by 31.4% during the fourth quarter. Geode Capital Management LLC now owns 398,259 shares of the company’s stock worth $324,000 after purchasing an additional 95,108 shares during the period. Calamos Advisors LLC acquired a new stake in shares of Ageagle Aerial Systems during the first quarter worth approximately $273,000. Finally, Calamos Wealth Management LLC purchased a new position in Ageagle Aerial Systems during the first quarter valued at approximately $273,000. 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.