Rekor Systems (REKR) Set to Announce Quarterly Earnings on Monday

Rekor Systems (NASDAQ:REKRGet Free Report) is set to issue its quarterly earnings data after the market closes on Monday, March 25th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Rekor Systems Trading Up 3.1 %

Rekor Systems stock opened at $2.01 on Friday. The company’s fifty day moving average price is $2.72 and its 200 day moving average price is $2.90. Rekor Systems has a 1 year low of $1.00 and a 1 year high of $4.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.22 and a quick ratio of 1.01.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REKR. Swiss National Bank lifted its holdings in Rekor Systems by 7.8% in the 1st quarter. Swiss National Bank now owns 83,200 shares of the company’s stock valued at $379,000 after purchasing an additional 6,000 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Rekor Systems by 19.6% during the 1st quarter. JPMorgan Chase & Co. now owns 26,075 shares of the company’s stock worth $119,000 after acquiring an additional 4,282 shares during the period. Private Advisor Group LLC purchased a new position in shares of Rekor Systems during the 1st quarter worth $156,000. Rhumbline Advisers raised its holdings in shares of Rekor Systems by 16.1% during the 1st quarter. Rhumbline Advisers now owns 34,677 shares of the company’s stock worth $158,000 after acquiring an additional 4,803 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Rekor Systems by 18.0% during the 1st quarter. Vanguard Group Inc. now owns 2,066,646 shares of the company’s stock worth $9,423,000 after acquiring an additional 315,534 shares during the period. Hedge funds and other institutional investors own 40.56% of the company’s stock.

Analysts Set New Price Targets

Separately, William Blair started coverage on Rekor Systems in a report on Monday, March 4th. They issued an “outperform” rating on the stock.

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Rekor Systems Company Profile

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Rekor Systems, Inc, a technology company, provides intelligent infrastructure solutions for transportation management, public safety, and urban mobility markets in the United States, Canada, and internationally. It leverages AI, machine learning, and holistic data to support the intelligent infrastructure for smart mobility.

See Also

Earnings History for Rekor Systems (NASDAQ:REKR)

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