Draganfly (NASDAQ:DPRO) Shares Up 2.8%

Shares of Draganfly Inc. (NASDAQ:DPRO) shot up 2.8% during mid-day trading on Thursday . The company traded as high as $0.23 and last traded at $0.22. 244,282 shares traded hands during trading, a decline of 76% from the average session volume of 1,038,625 shares. The stock had previously closed at $0.22.

Analyst Ratings Changes

Separately, HC Wainwright restated a “buy” rating and set a $1.00 price objective on shares of Draganfly in a research report on Wednesday, May 15th.

Draganfly Trading Up 4.7 %

The company has a quick ratio of 0.86, a current ratio of 1.08 and a debt-to-equity ratio of 0.23. The firm has a fifty day moving average price of $0.25 and a two-hundred day moving average price of $0.30.

Draganfly (NASDAQ:DPRO) last issued its quarterly earnings results on Tuesday, May 14th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. Draganfly had a negative return on equity of 497.78% and a negative net margin of 292.78%. The firm had revenue of $0.99 million for the quarter, compared to the consensus estimate of $1.29 million. During the same period in the prior year, the business posted ($0.15) earnings per share. On average, equities research analysts anticipate that Draganfly Inc. will post -0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Draganfly stock. Armistice Capital LLC acquired a new position in shares of Draganfly Inc. (NASDAQ:DPRO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 4,150,000 shares of the company’s stock, valued at approximately $1,990,000. Armistice Capital LLC owned 8.43% of Draganfly as of its most recent SEC filing. Institutional investors and hedge funds own 10.39% of the company’s stock.

About Draganfly

Draganfly Inc develops, manufactures, and sells cutting-edge unmanned and remote data collection and analysis platforms and systems in the United States and Canada. The company offers quad-?copters, ???fixed wing ?aircrafts, ground based robots, handheld controllers, and flight training, as well as software ?used for tracking, live ???streaming, ?and data collection.