Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Shares Down 3.4% – Here’s Why

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS – Get Free Report)’s stock price traded down 3.4% during mid-day trading on Wednesday. The company traded as low as $0.6339 and last traded at $0.6463. 854,635 shares were traded during mid-day trading, an increase of 29% from the average session volume of 664,705 shares. The stock had previously closed at $0.6688.

Ageagle Aerial Systems Trading Down 3.4%

The company’s 50-day simple moving average is $0.95 and its 200 day simple moving average is $0.94.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UAVS. Connective Capital Management LLC bought a new stake in Ageagle Aerial Systems during the second quarter worth approximately $33,000. Calamos Advisors LLC acquired a new position in Ageagle Aerial Systems during the first quarter valued at approximately $273,000. Finally, Calamos Wealth Management LLC acquired a new position in Ageagle Aerial Systems during the first quarter valued at approximately $273,000. 10.89% of the stock is owned by institutional investors.

Ageagle Aerial Systems Company Profile

(Get Free Report)

AgEagle Aerial Systems, Inc is a commercial drone and aerial intelligence company that develops unmanned aircraft systems, sensors and software for collecting and analyzing data. Its solutions are designed to help organizations monitor assets, survey land, assess infrastructure and support other operational and decision-making activities.

The company’s product portfolio has included fixed-wing and multirotor drones, multispectral and other imaging sensors, and software for flight planning, data capture and aerial analysis.

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