Rekor Systems (NASDAQ:REKR) Stock Rating Lowered by Wall Street Zen

Rekor Systems (NASDAQ:REKR) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Rekor Systems in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Rekor Systems currently has a consensus rating of “Sell”.

Rekor Systems Stock Performance

Shares of NASDAQ:REKR opened at $0.76 on Friday. The firm has a market cap of $103.45 million, a price-to-earnings ratio of -2.91 and a beta of 2.00. Rekor Systems has a 12 month low of $0.62 and a 12 month high of $3.42. The company’s fifty day simple moving average is $0.91 and its 200 day simple moving average is $1.56. The company has a quick ratio of 1.20, a current ratio of 1.45 and a debt-to-equity ratio of 0.41.

Rekor Systems (NASDAQ:REKR) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.02). Rekor Systems had a negative return on equity of 126.37% and a negative net margin of 89.82%.The business had revenue of $12.70 million for the quarter, compared to the consensus estimate of $14.56 million. As a group, research analysts forecast that Rekor Systems will post -0.57 EPS for the current fiscal year.

Institutional Trading of Rekor Systems

Several large investors have recently modified their holdings of REKR. Anson Funds Management LP acquired a new position in Rekor Systems in the fourth quarter valued at about $10,395,000. State Street Corp grew its stake in Rekor Systems by 539.8% during the fourth quarter. State Street Corp now owns 3,784,731 shares of the company’s stock worth $5,223,000 after buying an additional 3,193,190 shares in the last quarter. Prescott Group Capital Management L.L.C. acquired a new stake in Rekor Systems during the fourth quarter worth about $2,934,000. Renaissance Technologies LLC bought a new position in Rekor Systems in the 4th quarter valued at about $2,472,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Rekor Systems in the 3rd quarter valued at approximately $2,670,000. 45.71% of the stock is owned by institutional investors and hedge funds.

About Rekor Systems

Rekor Systems, Inc is a U.S.-based technology company specializing in real-time vehicle recognition solutions powered by artificial intelligence and machine learning. The company develops software and hardware systems that capture, analyze and store vehicle data—such as license plate images, make and model, color and vehicle characteristics—by leveraging advanced computer vision algorithms. Rekor’s platforms enable public safety agencies, transportation departments and private enterprises to automate vehicle identification, enhance situational awareness and improve operational efficiency.

The company’s flagship offering is a suite of intelligent camera and analytics products that include built-in license plate recognition (LPR) and vehicle attribute classification.