Rekor Systems’ (REKR) Outperform Rating Reaffirmed at William Blair

Rekor Systems (NASDAQ:REKR)‘s stock had its “outperform” rating reaffirmed by William Blair in a research report issued to clients and investors on Tuesday,RTT News reports.

Rekor Systems Stock Performance

Shares of REKR stock traded up $0.01 during trading on Tuesday, hitting $0.90. The company’s stock had a trading volume of 2,627,635 shares, compared to its average volume of 3,059,629. The company has a current ratio of 0.76, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. The company has a market cap of $84.07 million, a PE ratio of -1.36 and a beta of 1.80. The business has a fifty day moving average of $1.55 and a 200-day moving average of $1.30. Rekor Systems has a 52 week low of $0.78 and a 52 week high of $2.67.

Rekor Systems (NASDAQ:REKR) last announced its quarterly earnings data on Monday, March 31st. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.13). The business had revenue of $13.28 million during the quarter, compared to the consensus estimate of $12.91 million. Rekor Systems had a negative net margin of 119.54% and a negative return on equity of 119.85%. As a group, research analysts anticipate that Rekor Systems will post -0.57 earnings per share for the current year.

Institutional Trading of Rekor Systems

A number of large investors have recently bought and sold shares of the company. Cantor Fitzgerald L. P. purchased a new stake in Rekor Systems in the 4th quarter worth about $5,340,000. State Street Corp increased its stake in shares of Rekor Systems by 14.7% in the third quarter. State Street Corp now owns 1,514,044 shares of the company’s stock worth $1,787,000 after purchasing an additional 194,323 shares in the last quarter. LPL Financial LLC raised its position in shares of Rekor Systems by 1,666.6% in the fourth quarter. LPL Financial LLC now owns 204,133 shares of the company’s stock valued at $318,000 after purchasing an additional 192,578 shares during the period. Deutsche Bank AG lifted its stake in shares of Rekor Systems by 349.8% during the 4th quarter. Deutsche Bank AG now owns 227,639 shares of the company’s stock valued at $355,000 after buying an additional 177,026 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. bought a new position in Rekor Systems in the 4th quarter worth approximately $257,000. 45.71% of the stock is owned by hedge funds and other institutional investors.

About Rekor Systems

Rekor Systems, Inc, a technology company, provides infrastructure solutions for transportation, public safety, and urban mobility markets in the United States and internationally. The company's platforms include Rekor One, an AI-powered roadway intelligence platform; Rekor Command, a comprehensive cross-agency platform that offers various applications for traffic management centers, freeway service patrol, first responders, and maintenance crews; Rekor Discover, a platform that ingests data from its hardware and automates comprehensive analytics and actionable insights about the movement of objects across the roadway; and Rekor Scout platform, which automates previously manual processes with collaborative solutions that keep all stakeholders apprised of developing situations and accelerate reaction times to incidents and offenders.