AgEagle Aerial Systems (NYSEAMERICAN:UAVS) Shares Up 7.2%

AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) shares shot up 7.2% during mid-day trading on Monday . The stock traded as high as $0.21 and last traded at $0.20. 1,114,564 shares were traded during trading, an increase of 15% from the average session volume of 965,087 shares. The stock had previously closed at $0.19.

AgEagle Aerial Systems Stock Performance

The company has a market capitalization of $22.31 million, a P/E ratio of -0.31 and a beta of 3.68. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.18 and a quick ratio of 1.16. The firm has a fifty day simple moving average of $0.38.

AgEagle Aerial Systems (NYSEAMERICAN:UAVS) last released its earnings results on Tuesday, August 15th. The company reported ($0.05) earnings per share (EPS) for the quarter. The company had revenue of $3.28 million for the quarter. AgEagle Aerial Systems had a negative return on equity of 102.30% and a negative net margin of 317.61%.

Institutional Trading of AgEagle Aerial Systems

Several large investors have recently bought and sold shares of UAVS. Bank of New York Mellon Corp boosted its stake in AgEagle Aerial Systems by 38.3% in the first quarter. Bank of New York Mellon Corp now owns 261,609 shares of the company’s stock valued at $312,000 after buying an additional 72,439 shares in the last quarter. BlackRock Inc. raised its position in AgEagle Aerial Systems by 1.4% in the first quarter. BlackRock Inc. now owns 4,610,269 shares of the company’s stock valued at $5,486,000 after purchasing an additional 64,735 shares during the last quarter. UBS Group AG raised its position in AgEagle Aerial Systems by 7.1% in the first quarter. UBS Group AG now owns 452,119 shares of the company’s stock valued at $538,000 after purchasing an additional 29,938 shares during the last quarter. State Street Corp raised its position in AgEagle Aerial Systems by 1.6% in the first quarter. State Street Corp now owns 2,796,908 shares of the company’s stock valued at $3,328,000 after purchasing an additional 44,122 shares during the last quarter. Finally, Jane Street Group LLC raised its position in AgEagle Aerial Systems by 214.2% in the first quarter. Jane Street Group LLC now owns 180,773 shares of the company’s stock valued at $215,000 after purchasing an additional 123,244 shares during the last quarter. 10.89% of the stock is owned by institutional investors and hedge funds.

About AgEagle Aerial Systems

AgEagle Aerial Systems, Inc engages in designing and delivering 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.