Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Trading Down 1.1% - Here's What Happened

Key Points

• Ageagle Aerial Systems' stock price fell by 1.1% during trading, reaching a low of $1.82 before closing at $1.83.
• The company has solid financial ratios, with a current ratio of 2.82 and a debt-to-equity ratio of 0.01, indicating good liquidity and low leverage.
• Recent hedge fund activities show increased interest, with DNB Asset Management acquiring a new stake valued at approximately $125,000 and Geode Capital Management raising its position by 247.4%.

Shares of Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS - Get Free Report) were down 1.1% during trading on Wednesday . The company traded as low as $1.82 and last traded at $1.83. Approximately 1,270,528 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 3,996,031 shares. The stock had previously closed at $1.85.

Ageagle Aerial Systems Trading Up 4.5%

The business's 50 day moving average is $1.87 and its two-hundred day moving average is $1.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.82 and a quick ratio of 1.68.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. DNB Asset Management AS bought a new position in shares of Ageagle Aerial Systems in the second quarter worth approximately $125,000. Geode Capital Management LLC grew its holdings in shares of Ageagle Aerial Systems by 247.4% in the second quarter. Geode Capital Management LLC now owns 146,450 shares of the company's stock worth $151,000 after purchasing an additional 104,290 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in Ageagle Aerial Systems in the fourth quarter valued at $211,000. Institutional investors own 10.89% of the company's stock.

Ageagle Aerial Systems Company Profile

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.