Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Trading Up 0.9% - Should You Buy?

Key Points

• Ageagle Aerial Systems (NYSEAMERICAN:UAVS) saw its stock rise by 0.9%, trading at $2.15 with approximately 3.5 million shares changing hands, marking an 81% decline from its average daily volume.
• The company has strong financial metrics, including a current ratio of 1.96 and a debt-to-equity ratio of 0.06, with a 50-day moving average of $1.63.
• Institutional investors are actively engaging with the company, with DNB Asset Management and Geode Capital Management significantly increasing their stakes during the second quarter.

Ageagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS - )'s stock price was up 0.9% during trading on Wednesday . The company traded as high as $2.17 and last traded at $2.15. Approximately 3,496,247 shares changed hands during trading, a decline of 81% from the average daily volume of 18,626,932 shares. The stock had previously closed at $2.13.

Ageagle Aerial Systems Stock Up 0.9%

The company has a current ratio of 1.96, a quick ratio of 1.00 and a debt-to-equity ratio of 0.06. The business's 50-day moving average is $1.63 and its 200-day moving average is $1.60.

Institutional Investors Weigh In On Ageagle Aerial Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. DNB Asset Management AS bought a new position in shares of Ageagle Aerial Systems in the 2nd quarter valued at about $125,000. Geode Capital Management LLC boosted its stake in shares of Ageagle Aerial Systems by 247.4% in the 2nd quarter. Geode Capital Management LLC now owns 146,450 shares of the company's stock valued at $151,000 after purchasing an additional 104,290 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Ageagle Aerial Systems in the 4th quarter valued at about $211,000. Institutional investors and hedge funds own 10.89% of the company's stock.

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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