Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Director Robert Paul Lowry Buys 32,895 Shares

Unusual Machines, Inc. (NYSEAMERICAN:UMAC) Director Robert Paul Lowry purchased 32,895 shares of the firm’s stock in a transaction on Wednesday, October 30th. The stock was acquired at an average cost of $1.52 per share, with a total value of $50,000.40. Following the transaction, the director now directly owns 73,502 shares in the company, valued at $111,723.04. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.

Unusual Machines Price Performance

Shares of UMAC traded up $0.20 during midday trading on Thursday, reaching $1.86. The stock had a trading volume of 218,093 shares, compared to its average volume of 120,162. Unusual Machines, Inc. has a 1-year low of $0.98 and a 1-year high of $5.54. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.58 and a current ratio of 5.50.

Unusual Machines (NYSEAMERICAN:UMAC) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.16) earnings per share for the quarter. The firm had revenue of $1.41 million for the quarter.

Institutional Investors Weigh In On Unusual Machines

An institutional investor recently bought a new position in Unusual Machines stock. Rathbones Group PLC acquired a new position in shares of Unusual Machines, Inc. (NYSEAMERICAN:UMAC) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 42,000 shares of the company’s stock, valued at approximately $55,000. Rathbones Group PLC owned about 0.45% of Unusual Machines as of its most recent filing with the SEC.

Unusual Machines Company Profile

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.