Rekor Systems (NASDAQ:REKR) Trading Up 5.7%

Rekor Systems Inc (NASDAQ:REKR)’s share price was up 5.7% during mid-day trading on Friday . The stock traded as high as $4.50 and last traded at $4.47, approximately 102,127 shares were traded during mid-day trading. A decline of 46% from the average daily volume of 190,656 shares. The stock had previously closed at $4.23.

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

The firm’s 50-day moving average price is $4.02 and its 200-day moving average price is $2.85.

Rekor Systems (NASDAQ:REKR) last released its quarterly earnings data on Thursday, November 14th. The company reported ($0.19) earnings per share (EPS) for the quarter. Rekor Systems had a negative return on equity of 1,025.73% and a negative net margin of 28.08%. The business had revenue of $4.98 million during the quarter.

A hedge fund recently bought a new stake in Rekor Systems stock. Vanguard Group Inc. acquired a new position in Rekor Systems Inc (NASDAQ:REKR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,584 shares of the company’s stock, valued at approximately $33,000. Institutional investors and hedge funds own 2.99% of the company’s stock.

About Rekor Systems (NASDAQ:REKR)

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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