Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Stock Price Down 3.1% – Here’s What Happened

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) shares fell 3.1% on Tuesday . The company traded as low as $0.95 and last traded at $0.95. 1,498,199 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 2,020,882 shares. The stock had previously closed at $0.98.

Ageagle Aerial Systems Price Performance

The stock has a fifty day simple moving average of $1.03 and a two-hundred day simple moving average of $1.13.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.06) earnings per share for the quarter. Ageagle Aerial Systems had a negative net margin of 103.38% and a negative return on equity of 57.41%. The business had revenue of $2.99 million during the quarter.

Institutional Investors Weigh In On Ageagle Aerial Systems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bridgeway Capital Management LLC acquired a new stake in shares of Ageagle Aerial Systems during the 4th quarter valued at approximately $25,000. Two Sigma Investments LP acquired a new stake in shares of Ageagle Aerial Systems during the 3rd quarter valued at approximately $42,000. Truist Financial Corp acquired a new stake in shares of Ageagle Aerial Systems during the 3rd quarter valued at approximately $45,000. Renaissance Technologies LLC acquired a new stake in shares of Ageagle Aerial Systems during the 4th quarter valued at approximately $77,000. Finally, XTX Topco Ltd lifted its position 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 acquiring an additional 85,780 shares during the period. 10.89% of the stock is currently owned by institutional investors and hedge funds.

About Ageagle Aerial Systems

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.