Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Trading 1.9% Higher – Time to Buy?

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) shares shot up 1.9% during trading on Wednesday . The company traded as high as $1.0950 and last traded at $1.07. 2,391,818 shares were traded during mid-day trading, a decline of 24% from the average session volume of 3,161,472 shares. The stock had previously closed at $1.05.

Ageagle Aerial Systems Price Performance

The stock has a 50-day moving average of $1.19 and a two-hundred day moving average of $1.48. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.44 and a current ratio of 5.78.

Institutional Trading of Ageagle Aerial Systems

Institutional investors have recently bought and sold shares of the company. Virtu Financial LLC bought a new position in shares of Ageagle Aerial Systems in the fourth quarter worth approximately $91,000. XTX Topco Ltd raised its holdings in 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 acquiring an additional 85,780 shares during the last quarter. Bridgeway Capital Management LLC bought a new position in Ageagle Aerial Systems in the 4th quarter valued at approximately $25,000. Jane Street Group LLC lifted its position in Ageagle Aerial Systems by 198.6% in the 4th quarter. Jane Street Group LLC now owns 178,996 shares of the company’s stock valued at $146,000 after acquiring an additional 119,045 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Ageagle Aerial Systems during the 4th quarter valued at $77,000. 10.89% of the stock is owned by hedge funds and other 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.