Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Trading 6.4% Higher – Here’s What Happened

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS)’s share price rose 6.4% during trading on Wednesday . The company traded as high as $0.9262 and last traded at $0.91. 1,012,800 shares changed hands during trading, a decline of 55% from the average daily volume of 2,232,532 shares. The stock had previously closed at $0.8554.

Ageagle Aerial Systems Stock Up 6.4%

The business has a fifty day moving average of $0.84 and a 200 day moving average of $0.96.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS) last released its 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 Trading of Ageagle Aerial Systems

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Ageagle Aerial Systems by 98.5% during the 3rd quarter. Vanguard Group Inc. now owns 644,022 shares of the company’s stock worth $1,294,000 after acquiring an additional 319,585 shares during the last quarter. UBS Group AG increased its stake in Ageagle Aerial Systems by 920.4% in the third quarter. UBS Group AG now owns 429,133 shares of the company’s stock valued at $863,000 after purchasing an additional 387,076 shares in the last quarter. Geode Capital Management LLC increased its stake in Ageagle Aerial Systems by 31.4% in 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 in the last quarter. Calamos Advisors LLC bought a new stake in Ageagle Aerial Systems in the first quarter valued at approximately $273,000. Finally, Calamos Wealth Management LLC acquired a new stake in Ageagle Aerial Systems in the first quarter worth $273,000. 10.89% of the stock is currently owned by institutional investors and hedge funds.

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.