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

AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS)’s stock is going to reverse split 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 closing bell on Monday, October 14th.

AgEagle Aerial Systems Price Performance

Shares of NYSEAMERICAN:UAVS remained flat at $4.81 during midday trading on Monday. AgEagle Aerial Systems has a fifty-two week low of $0.08 and a fifty-two week high of $3.92. The company has a quick ratio of 0.24, a current ratio of 0.77 and a debt-to-equity ratio of 0.04.

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

Institutional Trading of AgEagle Aerial Systems

A hedge fund recently bought a new stake in AgEagle Aerial Systems stock. Virtu Financial LLC acquired a new stake in AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 37,717 shares of the company’s stock, valued at approximately $30,000. Virtu Financial LLC owned about 0.32% of AgEagle Aerial Systems as of its most recent filing with the SEC. Hedge funds and other institutional investors own 10.89% of the company’s stock.

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.