AgEagle Aerial Systems (NYSEAMERICAN:UAVS) Trading Down 1.4% – Here’s Why

AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS)’s stock price dropped 1.4% during mid-day trading on Monday . The company traded as low as $2.80 and last traded at $2.83. Approximately 487,463 shares were traded during trading, a decline of 74% from the average daily volume of 1,898,532 shares. The stock had previously closed at $2.87.

AgEagle Aerial Systems Stock Performance

The company has a debt-to-equity ratio of 0.05, a current ratio of 0.66 and a quick ratio of 0.22.

Insider Activity at AgEagle Aerial Systems

In related news, major shareholder Of America Corp /De/ Bank sold 102,185 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $2.51, for a total transaction of $256,484.35. Following the completion of the sale, the insider now directly owns 2 shares in the company, valued at $5.02. This represents a 100.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.84% of the stock is currently owned by insiders.

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.