Rekor Systems Inc (NASDAQ:REKR) shares rose 10.1% during mid-day trading on Monday . The stock traded as high as $2.90 and last traded at $2.73, approximately 296,993 shares traded hands during mid-day trading. A decline of 3% from the average daily volume of 305,820 shares. The stock had previously closed at $2.48.
The firm’s fifty day moving average is $2.44 and its 200-day moving average is $1.63. The company has a debt-to-equity ratio of 13.86, a current ratio of 1.26 and a quick ratio of 1.24.
A hedge fund recently bought a new stake in Rekor Systems stock. Vanguard Group Inc. acquired a new stake in Rekor Systems Inc (NASDAQ:REKR) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 17,584 shares of the company’s stock, valued at approximately $33,000. 2.11% of the stock is currently owned by institutional investors and hedge funds.
Rekor Systems, Inc, through its subsidiary, Rekor Recognition Systems, Inc, provides artificial intelligence and machine-learning enabled automated license plate recognition (ALPR) systems. Its ALPR systems are powered by OpenALPR software to enhance the accuracy of license plate reads to industry-leading levels, as well as to identify the make, model, and color of vehicles.
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