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

Shares of AgEagle Aerial Systems, Inc. (NYSEAMERICAN:UAVS) are set 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 closing bell on Monday, October 14th.

AgEagle Aerial Systems Price Performance

UAVS opened at $4.81 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.77 and a quick ratio of 0.24. AgEagle Aerial Systems has a 1-year low of $0.08 and a 1-year high of $3.92.

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

Institutional Investors Weigh In On AgEagle Aerial Systems

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