Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Issues Quarterly Earnings Results

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) issued 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 return on equity of 178.12% and a negative net margin of 151.69%.The company had revenue of $2.99 million during the quarter.

Ageagle Aerial Systems Trading Up 3.3%

Shares of NYSEAMERICAN UAVS traded up $0.03 during midday trading on Wednesday, hitting $0.93. 204,730 shares of the stock traded hands, compared to its average volume of 7,902,390. Ageagle Aerial Systems has a one year low of $0.72 and a one year high of $3.61. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.78 and a quick ratio of 4.44. The firm has a 50-day moving average of $1.05 and a two-hundred day moving average of $1.40.

Institutional Trading of Ageagle Aerial Systems

A number of hedge funds have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in Ageagle Aerial Systems in the fourth quarter valued at about $91,000. XTX Topco Ltd lifted its stake in shares of Ageagle Aerial Systems by 690.5% in the 4th quarter. XTX Topco Ltd now owns 98,203 shares of the company’s stock worth $80,000 after purchasing an additional 85,780 shares during the period. Bridgeway Capital Management LLC bought a new position in shares of Ageagle Aerial Systems in the 4th quarter worth approximately $25,000. Jane Street Group LLC boosted its holdings in shares of Ageagle Aerial Systems by 198.6% in 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 during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in shares of Ageagle Aerial Systems in the fourth quarter worth approximately $77,000. Hedge funds and other institutional investors own 10.89% of the company’s stock.

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.