Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Stock Price Down 1.9% - Here's What Happened

Key Points

• Stock down 1.9% — Ageagle Aerial Systems traded as low as $1.03 and last at $1.04 midday on Tuesday with ~1.17M shares traded (a 51% decline from average); the 50‑day SMA is $1.02 versus the 200‑day SMA of $1.24.
• Weak quarterly results — The company reported ($0.06) EPS on $2.99 million in revenue, with a negative net margin of 41.22% and negative return on equity of 24.99%.
• Notable institutional buying — Firms including UBS (up 920.4%), Vanguard (up 98.5%) and DNB materially increased stakes recently, and institutional investors now own 10.89% of the stock.

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS - Get Free Report) was down 1.9% during mid-day trading on Tuesday . The company traded as low as $1.03 and last traded at $1.04. Approximately 1,169,561 shares were traded during mid-day trading, a decline of 51% from the average daily volume of 2,404,021 shares. The stock had previously closed at $1.06.

Ageagle Aerial Systems Stock Down 1.9%

The company has a debt-to-equity ratio of 0.01, a current ratio of 7.92 and a quick ratio of 6.78. The stock's 50 day simple moving average is $1.02 and its 200-day simple moving average is $1.24.

Ageagle Aerial Systems (NYSEAMERICAN:UAVS - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $2.99 million for the quarter. Ageagle Aerial Systems had a negative net margin of 41.22% and a negative return on equity of 24.99%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of UAVS. UBS Group AG raised its holdings in shares of Ageagle Aerial Systems by 920.4% during the 3rd 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. Vanguard Group Inc. raised its holdings in shares of Ageagle Aerial Systems by 98.5% during the 3rd quarter. Vanguard Group Inc. now owns 644,022 shares of the company's stock valued at $1,294,000 after purchasing an additional 319,585 shares in the last quarter. DNB Asset Management AS raised its holdings in shares of Ageagle Aerial Systems by 203.4% during the 3rd quarter. DNB Asset Management AS now owns 361,332 shares of the company's stock valued at $726,000 after purchasing an additional 242,250 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Ageagle Aerial Systems by 198.6% during the 4th quarter. Jane Street Group LLC now owns 178,996 shares of the company's stock valued at $146,000 after purchasing an additional 119,045 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Ageagle Aerial Systems during the 4th quarter valued at $91,000. Institutional investors own 10.89% of the company's stock.

Ageagle Aerial Systems Company Profile

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.

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