Ageagle Aerial Systems (NYSEAMERICAN:UAVS) Stock Price Down 1.1% – Time to Sell?

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

Ageagle Aerial Systems Stock Down 1.1%

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 firm has a 50-day moving average price of $1.84 and a two-hundred day moving average price of $1.46.

Hedge Funds Weigh In On Ageagle Aerial Systems

Several hedge funds have recently made changes to their positions in the business. DNB Asset Management AS acquired a new stake in shares of Ageagle Aerial Systems in the 2nd quarter valued at approximately $125,000. Geode Capital Management LLC raised its position in Ageagle Aerial Systems by 247.4% during the second quarter. Geode Capital Management LLC now owns 146,450 shares of the company’s stock worth $151,000 after acquiring an additional 104,290 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Ageagle Aerial Systems in the fourth quarter valued at $211,000. 10.89% of the stock is owned by institutional investors.

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.