Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Issues Earnings Results

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) posted its earnings results on Tuesday. The company reported ($0.06) earnings per share (EPS) for the quarter, FiscalAI reports. Ageagle Aerial Systems had a negative net margin of 151.69% and a negative return on equity of 178.12%. The business had revenue of $2.99 million for the quarter.

Ageagle Aerial Systems Trading Down 0.7%

Shares of UAVS stock traded down $0.01 on Thursday, hitting $0.90. The company had a trading volume of 224,396 shares, compared to its average volume of 7,795,396. The company has a 50-day moving average price of $1.05 and a 200-day moving average price of $1.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.44 and a current ratio of 5.78. Ageagle Aerial Systems has a twelve month low of $0.72 and a twelve month high of $3.61.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Ageagle Aerial Systems by 98.5% during the 3rd quarter. Vanguard Group Inc. now owns 644,022 shares of the company’s stock worth $1,294,000 after purchasing an additional 319,585 shares during the period. UBS Group AG lifted its stake in shares of Ageagle Aerial Systems by 920.4% in the 3rd quarter. UBS Group AG now owns 429,133 shares of the company’s stock valued at $863,000 after purchasing an additional 387,076 shares during the period. Geode Capital Management LLC boosted its holdings in 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 buying an additional 95,108 shares in the last quarter. Jane Street Group LLC boosted its holdings in Ageagle Aerial Systems by 198.6% during the fourth quarter. Jane Street Group LLC now owns 178,996 shares of the company’s stock worth $146,000 after buying an additional 119,045 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Ageagle Aerial Systems during the fourth quarter valued at $91,000. 10.89% of the stock is currently 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.