AgEagle Aerial Systems (NYSEAMERICAN:UAVS) Shares Set to Reverse Split on Tuesday, October 15th

AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) shares are going to reverse split before the market opens on Tuesday, October 15th. The 1-50 reverse split was announced on Thursday, October 3rd. The number of shares owned by shareholders will be adjusted after the market closes on Monday, October 14th.

AgEagle Aerial Systems Trading Up 4,900.0 %

Shares of NYSEAMERICAN:UAVS traded up $4.71 during trading on Monday, reaching $4.81. 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 has a 52-week low of $0.08 and a 52-week high of $3.92.

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

Institutional Investors Weigh In On AgEagle Aerial Systems

A hedge fund recently bought a new stake in AgEagle Aerial Systems stock. Virtu Financial LLC acquired a new position in AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 37,717 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned approximately 0.32% of AgEagle Aerial Systems at the end of the most recent reporting period. 10.89% of the stock is currently owned by 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.