Rekor Systems (NASDAQ:REKR) Given Outperform Rating at William Blair

Rekor Systems (NASDAQ:REKR)‘s stock had its “outperform” rating reiterated by stock analysts at William Blair in a research note issued to investors on Friday,RTT News reports.

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

Rekor Systems Price Performance

Shares of NASDAQ REKR opened at $1.08 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.67 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $1.14 and its 200-day moving average price is $1.44. The firm has a market capitalization of $95.58 million, a P/E ratio of -1.61 and a beta of 1.97. Rekor Systems has a 1-year low of $1.01 and a 1-year high of $3.92.

Rekor Systems (NASDAQ:REKR) last issued its earnings results on Wednesday, August 14th. The company reported ($0.12) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.01. Rekor Systems had a negative return on equity of 112.99% and a negative net margin of 118.66%. The company had revenue of $12.43 million for the quarter, compared to analyst estimates of $12.15 million. Equities research analysts anticipate that Rekor Systems will post -0.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. LexAurum Advisors LLC bought a new position in Rekor Systems during the 3rd quarter valued at $39,000. BNP Paribas Financial Markets lifted its position in shares of Rekor Systems by 38.3% during the third quarter. BNP Paribas Financial Markets now owns 34,262 shares of the company’s stock valued at $40,000 after purchasing an additional 9,494 shares in the last quarter. Pure Portfolios Holdings LLC purchased a new position in Rekor Systems during the third quarter worth about $43,000. Rhumbline Advisers bought a new stake in Rekor Systems in the 2nd quarter worth about $94,000. Finally, Lake Hills Wealth Management LLC grew its holdings in shares of Rekor Systems by 12.0% in the third quarter. Lake Hills Wealth Management LLC now owns 113,654 shares of the company’s stock valued at $134,000 after acquiring an additional 12,166 shares in the last quarter. Hedge funds and other institutional investors own 45.71% of the company’s stock.

About Rekor Systems

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.