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

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

Unusual Machines Price Performance

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 Buying and Selling at Unusual Machines

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

Institutional Investors Weigh In On Unusual Machines

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

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.