ValuEngine upgraded shares of Rekor Systems (NASDAQ:REKR) from a hold rating to a buy rating in a research note published on Monday, ValuEngine reports.

Rekor Systems stock traded down $0.01 during mid-day trading on Monday, reaching $1.96. 1,500 shares of the stock traded hands, compared to its average volume of 197,458. The company has a quick ratio of 1.24, a current ratio of 1.26 and a debt-to-equity ratio of 13.86. Rekor Systems has a 12-month low of $0.43 and a 12-month high of $5.44. The business’s 50-day moving average is $2.41 and its 200-day moving average is $1.89.

Rekor Systems (NASDAQ:REKR) last posted its quarterly earnings data on Wednesday, August 14th. The company reported ($0.27) EPS for the quarter. The firm had revenue of $12.33 million for 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. purchased a new stake in shares of Rekor Systems Inc (NASDAQ:REKR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 17,584 shares of the company’s stock, valued at approximately $33,000. 2.11% of the stock is owned by hedge funds and other institutional investors.

Rekor Systems Company Profile

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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