Rekor Systems (NASDAQ:REKR) Announces Earnings Results

Rekor Systems (NASDAQ:REKR) issued its quarterly earnings results on Thursday. The company reported ($0.19) earnings per share (EPS) for the quarter, reports. The business had revenue of $4.98 million for the quarter. Rekor Systems had a negative return on equity of 1,028.10% and a negative net margin of 21.22%.

NASDAQ:REKR traded down $0.22 on Friday, reaching $2.19. 275,600 shares of the company’s stock were exchanged, compared to its average volume of 121,959. Rekor Systems has a 52-week low of $0.43 and a 52-week high of $5.44. The company has a quick ratio of 1.24, a current ratio of 1.26 and a debt-to-equity ratio of 13.86. The business has a fifty day moving average of $2.18 and a 200-day moving average of $2.08.

Separately, ValuEngine lowered shares of Rekor Systems from a “buy” rating to a “hold” rating in a research note on Sunday, October 27th.

An institutional investor recently bought a new position in Rekor Systems stock. Vanguard Group Inc. purchased a new position in shares of Rekor Systems Inc (NASDAQ:REKR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,584 shares of the company’s stock, valued at approximately $33,000. Hedge funds and other institutional investors own 2.11% of the company’s stock.

Rekor Systems Company Profile

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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Earnings History for Rekor Systems (NASDAQ:REKR)

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