Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Shares Up 2.6% – Still a Buy?

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS)’s stock price was up 2.6% during mid-day trading on Wednesday . The stock traded as high as $1.08 and last traded at $1.02. Approximately 1,758,253 shares traded hands during trading, a decline of 34% from the average daily volume of 2,667,278 shares. The stock had previously closed at $0.9941.

Ageagle Aerial Systems Price Performance

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 company has a 50-day moving average price of $1.17 and a two-hundred day moving average price of $1.60.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.09) EPS for the quarter. The firm had revenue of $1.97 million for the quarter. Ageagle Aerial Systems had a negative net margin of 151.69% and a negative return on equity of 178.12%.

Institutional Investors Weigh In On Ageagle Aerial Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Two Sigma Investments LP bought a new stake in Ageagle Aerial Systems during the 3rd quarter valued at approximately $42,000. Truist Financial Corp purchased a new position in shares of Ageagle Aerial Systems in the 3rd quarter valued at approximately $45,000. Bridgeway Capital Management LLC bought a new stake in shares of Ageagle Aerial Systems during the fourth quarter valued at approximately $25,000. J.W. Cole Advisors Inc. purchased a new stake in Ageagle Aerial Systems in the third quarter worth $101,000. Finally, Renaissance Technologies LLC purchased a new stake in Ageagle Aerial Systems in the fourth quarter worth $77,000. 10.89% of the stock is currently owned by 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.