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

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

REKR traded down $0.05 during trading on Monday, hitting $1.97. The company had a trading volume of 247,500 shares, compared to its average volume of 291,356. Rekor Systems has a one year low of $0.43 and a one year high of $5.44. The firm’s 50-day moving average price is $2.41 and its 200 day moving average price is $1.89. The company has a current ratio of 1.26, a quick ratio of 1.24 and a debt-to-equity ratio of 13.86.

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

An institutional investor recently bought a new position in Rekor Systems stock. Vanguard Group Inc. acquired a new stake in Rekor Systems Inc (NASDAQ:REKR) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 17,584 shares of the company’s stock, valued at approximately $33,000. 2.11% of the stock is owned by institutional investors and hedge funds.

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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