Rekor Systems (NASDAQ:REKR) Raised to Buy at ValuEngine

Rekor Systems (NASDAQ:REKR) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, ValuEngine reports.

Shares of Rekor Systems stock traded down $0.05 during midday trading on Monday, reaching $1.97. The company had a trading volume of 247,500 shares, compared to its average volume of 291,356. The company has a debt-to-equity ratio of 13.86, a quick ratio of 1.24 and a current ratio of 1.26. The stock has a fifty day simple moving average of $2.41 and a 200 day simple moving average of $1.89. Rekor Systems has a 1-year low of $0.43 and a 1-year high of $5.44.

Rekor Systems (NASDAQ:REKR) last released its earnings results on Wednesday, August 14th. The company reported ($0.27) EPS for the quarter. Rekor Systems had a negative return on equity of 1,028.10% and a negative net margin of 21.22%. The business had revenue of $12.33 million for the quarter.

A hedge fund recently bought a new stake in Rekor Systems stock. Vanguard Group Inc. bought a new position in shares of Rekor Systems Inc (NASDAQ:REKR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,584 shares of the company’s stock, valued at approximately $33,000. 2.11% of the stock is owned by institutional investors.

About Rekor Systems

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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