Unusual Machines (NYSEAMERICAN:UMAC) Stock Price Down 0.8% – Here’s Why

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) shares were down 0.8% on Thursday . The stock traded as low as $3.22 and last traded at $3.76. Approximately 394,205 shares changed hands during mid-day trading, an increase of 209% from the average daily volume of 127,772 shares. The stock had previously closed at $3.79.

Unusual Machines Stock Down 0.8 %

The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.95 and a current ratio of 2.24.

Insider Transactions at Unusual Machines

In other news, CEO Allan Thomas Evans acquired 65,789 shares of the company’s stock in a transaction dated Wednesday, October 30th. The stock was acquired at an average cost of $1.52 per share, for a total transaction of $99,999.28. Following the acquisition, the chief executive officer now directly owns 90,789 shares in the company, valued at approximately $137,999.28. This represents a 263.16 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Robert Paul Lowry acquired 32,895 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were purchased at an average price of $1.52 per share, with a total value of $50,000.40. Following the completion of the acquisition, the director now owns 73,502 shares in the company, valued at approximately $111,723.04. The trade was a 81.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 22.20% of the company’s stock.

Institutional Trading of Unusual Machines

A hedge fund recently bought a new stake in Unusual Machines stock. Rathbones Group PLC purchased a new position in shares of Unusual Machines, Inc. (NYSEAMERICAN:UMAC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 42,000 shares of the company’s stock, valued at approximately $55,000. Rathbones Group PLC owned 0.45% of Unusual Machines at the end of the most recent quarter.

About Unusual Machines

Unusual Machines, Inc designs, manufactures, and sells ultra-low latency video goggles for drone pilots. It operates a drone-focused e-commerce marketplace. The company serves drone pilots, hobbyists, and recreational services. The company was formerly known as AerocarveUS Corporation and changed its name to Unusual Machines, Inc in July 2022.