Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Stock Jumps 0.1% – Time to Buy?

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS)’s stock price rose 0.1% during trading on Wednesday. The stock traded as high as $0.98 and last traded at $0.9550. 285,125 shares changed hands during trading, a decline of 67% from the average session volume of 851,144 shares. The stock had previously closed at $0.9544.

Ageagle Aerial Systems Stock Performance

The stock’s 50 day moving average price is $0.94 and its 200 day moving average price is $0.96.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last released its earnings results on Friday, August 14th. The company reported ($0.26) earnings per share (EPS) 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 during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UAVS. Calamos Advisors LLC acquired a new stake in shares of Ageagle Aerial Systems in the 1st quarter valued at approximately $273,000. Calamos Wealth Management LLC acquired a new position in Ageagle Aerial Systems during the first quarter worth $273,000. Finally, Connective Capital Management LLC acquired a new position in Ageagle Aerial Systems during the second quarter worth $33,000. Institutional investors and hedge funds own 10.89% of the company’s stock.

About Ageagle Aerial Systems

AgEagle Aerial Systems, Inc is a commercial drone technology company that develops and supplies unmanned aerial systems, sensors and software for collecting and analyzing aerial data. Its solutions are designed to help organizations automate surveying, mapping, inspection and monitoring activities.

The company’s product portfolio has included the eBee line of fixed-wing drones, MicaSense multispectral imaging sensors and software for mission planning, flight management and data analysis.