Drone Aviation Holding Corp (OTCMKTS:DRNE – Get Free Report)’s stock price passed below its 50-day moving average during trading on Friday. 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 Trading Up 4.5%
The stock’s 50-day simple moving average is $1.15 and its 200-day simple moving average is $1.15.
Drone Aviation Company Profile
Drone Aviation Corp., formerly known as Drone Aviation Holding Corp., developed and supplied tethered unmanned aerial systems and aerostat-based platforms for persistent aerial surveillance, communications, and intelligence applications. Its systems were designed to remain aloft for extended periods while connected to a ground-based power and control unit, providing an alternative to conventional free-flying drones.
The company’s product portfolio included the WASP, or Winch Aerostat Small Platform, and the FLINT tethered unmanned aerial system.
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