Rekor Systems (NASDAQ:REKR) Shares Down 3.2% - Should You Sell?

Rekor Systems, Inc. (NASDAQ:REKR - Get Free Report) shares were down 3.2% on Tuesday . The company traded as low as $1.21 and last traded at $1.21. Approximately 3,349,409 shares were traded during trading, a decline of 15% from the average daily volume of 3,941,906 shares. The stock had previously closed at $1.25.

Analyst Ratings Changes

Separately, William Blair reissued an "outperform" rating on shares of Rekor Systems in a research note on Tuesday, April 1st.

Rekor Systems Stock Performance

The company has a current ratio of 1.18, a quick ratio of 0.93 and a debt-to-equity ratio of 0.44. The stock's 50 day moving average price is $1.16 and its two-hundred day moving average price is $1.30. The firm has a market capitalization of $145.24 million, a PE ratio of -2.12 and a beta of 2.22.

Rekor Systems (NASDAQ:REKR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The firm had revenue of $9.20 million for the quarter, compared to analysts' expectations of $10.92 million. Rekor Systems had a negative net margin of 118.09% and a negative return on equity of 139.41%. On average, equities analysts expect that Rekor Systems, Inc. will post -0.57 earnings per share for the current year.

Hedge Funds Weigh In On Rekor Systems

Several institutional investors and hedge funds have recently modified their holdings of REKR. Rhumbline Advisers lifted its stake in shares of Rekor Systems by 13.5% during the fourth quarter. Rhumbline Advisers now owns 61,435 shares of the company's stock valued at $96,000 after buying an additional 7,315 shares during the period. LPL Financial LLC raised its stake in Rekor Systems by 1,666.6% during the fourth quarter. LPL Financial LLC now owns 204,133 shares of the company's stock worth $318,000 after purchasing an additional 192,578 shares during the period. Prudential Financial Inc. acquired a new position in shares of Rekor Systems in the 4th quarter valued at $67,000. Geode Capital Management LLC grew its stake in shares of Rekor Systems by 7.1% during the 4th quarter. Geode Capital Management LLC now owns 1,942,624 shares of the company's stock valued at $3,031,000 after buying an additional 129,244 shares during the period. Finally, Barclays PLC increased its holdings in shares of Rekor Systems by 11.7% during the 4th quarter. Barclays PLC now owns 116,615 shares of the company's stock worth $182,000 after buying an additional 12,188 shares during 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.