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

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

Analyst Upgrades and Downgrades

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

Rekor Systems Price 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 simple moving average is $1.17 and its 200 day simple moving average is $1.30.

Rekor Systems (NASDAQ:REKR - Get Free Report) last announced its earnings results on Wednesday, May 14th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.02). The business had revenue of $9.20 million during the quarter, compared to the consensus estimate of $10.92 million. Rekor Systems had a negative net margin of 118.09% and a negative return on equity of 139.41%. As a group, sell-side analysts anticipate that Rekor Systems, Inc. will post -0.57 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. ProShare Advisors LLC boosted its holdings in Rekor Systems by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 20,752 shares of the company's stock valued at $32,000 after acquiring an additional 6,829 shares during the last quarter. PEAK6 LLC bought a new stake in Rekor Systems in the fourth quarter valued at approximately $45,000. Price T Rowe Associates Inc. MD boosted its holdings in Rekor Systems by 44.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,163 shares of the company's stock valued at $52,000 after acquiring an additional 10,159 shares during the last quarter. Prudential Financial Inc. bought a new stake in Rekor Systems in the fourth quarter valued at approximately $67,000. Finally, Nuveen LLC bought a new stake in Rekor Systems in the first quarter valued at approximately $85,000. Institutional investors and hedge funds own 45.71% of the company's stock.

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.