Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Stock Price Up 1.9% – Here’s What Happened

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS)’s share price was up 1.9% on Wednesday . The stock traded as high as $1.0950 and last traded at $1.07. Approximately 2,391,818 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 3,161,472 shares. The stock had previously closed at $1.05.

Ageagle Aerial Systems Trading Up 1.9%

The business has a 50-day simple moving average of $1.18 and a 200-day simple moving average of $1.49. The company has a current ratio of 5.78, a quick ratio of 4.44 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On Ageagle Aerial Systems

A number of institutional investors have recently added to or reduced their stakes in UAVS. Two Sigma Investments LP purchased a new stake in Ageagle Aerial Systems in the 3rd quarter worth $42,000. Truist Financial Corp purchased a new position in Ageagle Aerial Systems during the third quarter valued at $45,000. Bridgeway Capital Management LLC acquired a new stake in shares of Ageagle Aerial Systems in the fourth quarter valued at about $25,000. J.W. Cole Advisors Inc. acquired a new stake in shares of Ageagle Aerial Systems in the third quarter valued at about $101,000. Finally, XTX Topco Ltd increased its stake in shares of Ageagle Aerial Systems by 690.5% during the fourth quarter. XTX Topco Ltd now owns 98,203 shares of the company’s stock worth $80,000 after purchasing an additional 85,780 shares in the last quarter. Institutional investors and hedge funds 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.