Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Stock Price Down 2% – Should You Sell?

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) shares were down 2% on Tuesday . The stock traded as low as $0.8758 and last traded at $0.9179. Approximately 1,385,627 shares changed hands during trading, a decline of 54% from the average daily volume of 2,982,679 shares. The stock had previously closed at $0.9370.

Ageagle Aerial Systems Stock Performance

The firm has a 50-day simple moving average of $1.02 and a two-hundred day simple moving average of $1.37. 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 (NYSEAMERICAN:UAVS) last announced its quarterly earnings results on Tuesday, March 31st. The company reported ($0.06) earnings per share for the quarter. 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 for the quarter.

Institutional Investors Weigh In On Ageagle Aerial Systems

Institutional investors have recently modified their holdings of the business. Two Sigma Investments LP acquired a new stake in shares of Ageagle Aerial Systems during the 3rd quarter valued at about $42,000. Truist Financial Corp acquired a new stake in shares of Ageagle Aerial Systems during the 3rd quarter valued at about $45,000. Bridgeway Capital Management LLC acquired a new stake in shares of Ageagle Aerial Systems during the 4th quarter valued at about $25,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Ageagle Aerial Systems during the 3rd quarter valued at about $101,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Ageagle Aerial Systems during the 4th quarter valued at about $77,000. 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.