Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Trading Down 3.6% – Should You Sell?

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) shares were down 3.6% on Wednesday . The stock traded as low as $0.6541 and last traded at $0.6743. 630,318 shares were traded during mid-day trading, an increase of 8% from the average session volume of 582,629 shares. The stock had previously closed at $0.6995.

Ageagle Aerial Systems Price Performance

The business’s 50 day moving average price is $0.89 and its 200-day moving average price is $1.02.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of UAVS. Two Sigma Investments LP acquired a new stake in shares of Ageagle Aerial Systems during the third quarter worth $42,000. Bridgeway Capital Management LLC bought a new stake in shares of Ageagle Aerial Systems during the 4th quarter valued at about $25,000. XTX Topco Ltd grew its position in shares of Ageagle Aerial Systems by 690.5% during the 4th quarter. XTX Topco Ltd now owns 98,203 shares of the company’s stock valued at $80,000 after buying an additional 85,780 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Ageagle Aerial Systems during the fourth quarter worth about $77,000. Finally, Geode Capital Management LLC raised its stake in Ageagle Aerial Systems by 31.4% during the fourth quarter. Geode Capital Management LLC now owns 398,259 shares of the company’s stock worth $324,000 after acquiring an additional 95,108 shares during the period. Institutional investors own 10.89% of the company’s stock.

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.