Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Shares Down 3.6% – Time to Sell?

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) shares traded down 3.6% on Wednesday . The company traded as low as $0.6541 and last traded at $0.6743. 630,318 shares traded hands during trading, an increase of 8% from the average session volume of 582,629 shares. The stock had previously closed at $0.6995.

Ageagle Aerial Systems Stock Down 2.3%

The company has a 50 day moving average of $0.88 and a two-hundred day moving average of $1.01.

Institutional Investors Weigh In On Ageagle Aerial Systems

Several hedge funds have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC bought a new position in shares of Ageagle Aerial Systems in the fourth quarter worth approximately $25,000. Two Sigma Investments LP purchased a new position in shares of Ageagle Aerial Systems in the 3rd quarter worth $42,000. Renaissance Technologies LLC purchased a new position in Ageagle Aerial Systems in the fourth quarter worth about $77,000. XTX Topco Ltd grew its stake in shares of Ageagle Aerial Systems by 690.5% during the 4th quarter. XTX Topco Ltd now owns 98,203 shares of the company’s stock valued at $80,000 after purchasing an additional 85,780 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Ageagle Aerial Systems during the 4th quarter valued at about $91,000. 10.89% of the stock is owned by 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.