Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Trading Down 5.6% – Time to Sell?

Shares of Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) traded down 5.6% during mid-day trading on Wednesday . The stock traded as low as $1.01 and last traded at $1.02. Approximately 891,191 shares were traded during trading, a decline of 57% from the average session volume of 2,090,679 shares. The stock had previously closed at $1.08.

Ageagle Aerial Systems Trading Down 5.6%

The stock’s 50 day moving average price is $0.88 and its 200 day moving average price is $0.97.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last announced its quarterly earnings results on Friday, August 14th. The company reported ($0.26) earnings per share for the quarter. Ageagle Aerial Systems had a negative net margin of 276.51% and a negative return on equity of 78.86%. The company had revenue of $2.69 million during the quarter.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Ageagle Aerial Systems by 98.5% in the 3rd quarter. Vanguard Group Inc. now owns 644,022 shares of the company’s stock worth $1,294,000 after buying an additional 319,585 shares during the last quarter. UBS Group AG grew its holdings in Ageagle Aerial Systems by 920.4% in the 3rd quarter. UBS Group AG now owns 429,133 shares of the company’s stock worth $863,000 after buying an additional 387,076 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Ageagle Aerial Systems by 31.4% during the fourth quarter. Geode Capital Management LLC now owns 398,259 shares of the company’s stock valued at $324,000 after purchasing an additional 95,108 shares during the period. Calamos Advisors LLC bought a new position in Ageagle Aerial Systems in the 1st quarter valued at about $273,000. Finally, Calamos Wealth Management LLC acquired a new position in Ageagle Aerial Systems during the 1st quarter valued at about $273,000. Institutional investors and hedge funds 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.