AgEagle Aerial Systems (NYSEAMERICAN:UAVS) Stock Price Up 4.2%

AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS)’s share price shot up 4.2% during mid-day trading on Friday . The company traded as high as $0.29 and last traded at $0.27. 705,839 shares were traded during trading, an increase of 78% from the average session volume of 396,130 shares. The stock had previously closed at $0.26.

AgEagle Aerial Systems Stock Performance

The company has a current ratio of 0.77, a quick ratio of 0.24 and a debt-to-equity ratio of 0.04.

AgEagle Aerial Systems (NYSEAMERICAN:UAVS) last issued its quarterly earnings results on Wednesday, August 14th. The company reported ($0.24) earnings per share for the quarter. AgEagle Aerial Systems had a negative net margin of 305.11% and a negative return on equity of 272.78%. The business had revenue of $3.39 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in AgEagle Aerial Systems stock. Virtu Financial LLC acquired a new position in shares of AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 37,717 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned about 0.32% of AgEagle Aerial Systems at the end of the most recent quarter. 10.89% of the stock is currently owned by hedge funds and other institutional investors.

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.