AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS – Get Rating) shares were down 9.7% during mid-day trading on Monday . The company traded as low as $0.34 and last traded at $0.34. Approximately 1,040,559 shares were traded during mid-day trading, an increase of 77% from the average daily volume of 586,463 shares. The stock had previously closed at $0.38.
AgEagle Aerial Systems Stock Performance
The stock’s fifty day simple moving average is $0.44. The firm has a market cap of $31.80 million, a P/E ratio of -0.51 and a beta of 3.85. The company has a current ratio of 2.55, a quick ratio of 1.30 and a debt-to-equity ratio of 0.04.
Institutional Trading of AgEagle Aerial Systems
Hedge funds have recently bought and sold shares of the stock. UBS Group AG increased its position in shares of AgEagle Aerial Systems by 28.5% during the first quarter. UBS Group AG now owns 1,176,679 shares of the company’s stock worth $530,000 after purchasing an additional 260,909 shares in the last quarter. Charles Schwab Investment Management Inc. acquired a new stake in AgEagle Aerial Systems in the first quarter worth about $37,000. Virtu Financial LLC grew its stake in shares of AgEagle Aerial Systems by 394.0% during the fourth quarter. Virtu Financial LLC now owns 72,620 shares of the company’s stock worth $25,000 after acquiring an additional 57,919 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of AgEagle Aerial Systems by 16.0% during the third quarter. Vanguard Group Inc. now owns 3,092,051 shares of the company’s stock valued at $1,437,000 after acquiring an additional 425,936 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of AgEagle Aerial Systems by 70.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 75,251 shares of the company’s stock valued at $48,000 after purchasing an additional 31,008 shares during the last quarter. Hedge funds and other institutional investors own 10.19% of the company’s stock.
About AgEagle Aerial Systems
AgEagle Aerial Systems, Inc engages in the design and manufacture of drones for commercial use. The firm also enables the capturing, imaging, editing, and analyzing of images and data captured by drones and intends on using commercial drones to be used for delivery services of goods. It offers contract manufacturing, drone solutions, and agriculture solutions.
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