Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Shares Down 2.3% - Should You Sell?

Key Points

• Ageagle Aerial Systems (NYSEAMERICAN:UAVS) saw its stock price decrease by 2.3% to a last traded price of $2.11, with trading volume down 12% from the average.
• A hedge fund, DNB Asset Management AS, recently acquired a new stake in Ageagle Aerial Systems, purchasing 119,082 shares valued at approximately $125,000.
• The company's current and quick ratios are 2.82 and 1.68 respectively, indicating a strong liquidity position.

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS - )'s stock price was down 2.3% on Friday . The stock traded as low as $1.95 and last traded at $2.11. Approximately 4,593,995 shares traded hands during trading, a decline of 12% from the average daily volume of 5,228,225 shares. The stock had previously closed at $2.16.

Ageagle Aerial Systems Stock Performance

The company has a current ratio of 2.82, a quick ratio of 1.68 and a debt-to-equity ratio of 0.01. The business's 50-day simple moving average is $2.06 and its 200-day simple moving average is $1.55.

Hedge Funds Weigh In On Ageagle Aerial Systems

A hedge fund recently bought a new stake in Ageagle Aerial Systems stock. DNB Asset Management AS bought a new stake in shares of Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 119,082 shares of the company's stock, valued at approximately $125,000. DNB Asset Management AS owned about 0.37% of Ageagle Aerial Systems as of its most recent filing with the SEC. 10.89% of the stock is owned by institutional investors.

About Ageagle Aerial Systems

AgEagle Aerial Systems, Inc, through its subsidiaries, designs and delivers autonomous unmanned aerial systems worldwide. The company operates in three segments: Drones; Sensors; and Software-as-a-Service (SaaS). It offers unmanned aerial vehicles under the eBee Ag, eBee Geo, eBee TAC, eBee X, and eBee VISION brands; and sensor solutions, such as Altum-PT, RedEdge-P, Aeria X, Duet M, Duet T, S.O.D.A., and S.O.D.A.

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