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

William Blair restated their outperform rating on shares of Rekor Systems (NASDAQ:REKR) in a research report sent to investors on Friday,RTT News reports.

Separately, Wedbush reaffirmed an “outperform” rating on shares of Rekor Systems in a research note on Thursday, August 15th.

Rekor Systems Stock Down 17.1 %

Shares of Rekor Systems stock opened at $0.90 on Friday. The company has a quick ratio of 0.67, a current ratio of 0.84 and a debt-to-equity ratio of 0.32. Rekor Systems has a 12 month low of $0.89 and a 12 month high of $3.92. The business has a fifty day simple moving average of $1.14 and a 200 day simple moving average of $1.42. The stock has a market cap of $79.21 million, a PE ratio of -1.38 and a beta of 1.97.

Institutional Investors Weigh In On Rekor Systems

Institutional investors have recently made changes to their positions in the stock. LexAurum Advisors LLC acquired a new position in Rekor Systems in the third quarter valued at about $39,000. BNP Paribas Financial Markets grew its stake in Rekor Systems by 38.3% in the third quarter. BNP Paribas Financial Markets now owns 34,262 shares of the company’s stock valued at $40,000 after acquiring an additional 9,494 shares during the period. Pure Portfolios Holdings LLC acquired a new position in Rekor Systems in the third quarter valued at about $43,000. Rhumbline Advisers acquired a new position in Rekor Systems in the second quarter valued at about $94,000. Finally, SG Americas Securities LLC grew its stake in Rekor Systems by 76.2% in the first quarter. SG Americas Securities LLC now owns 62,746 shares of the company’s stock valued at $144,000 after acquiring an additional 27,133 shares during the period. 45.71% of the stock is owned by institutional investors and hedge funds.

Rekor Systems Company Profile

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.