Citigroup Inc. Purchases New Position in Rekor Systems, Inc. (NASDAQ:REKR)

Citigroup Inc. acquired a new position in shares of Rekor Systems, Inc. (NASDAQ:REKR) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 71,980 shares of the company’s stock, valued at approximately $203,000. Citigroup Inc. owned 0.10% of Rekor Systems as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in REKR. Armistice Capital LLC bought a new stake in Rekor Systems during the 1st quarter valued at about $7,519,000. Shay Capital LLC increased its position in shares of Rekor Systems by 172.7% in the 2nd quarter. Shay Capital LLC now owns 2,150,000 shares of the company’s stock valued at $3,827,000 after acquiring an additional 1,361,726 shares during the period. Millennium Management LLC raised its stake in shares of Rekor Systems by 126.7% in the second quarter. Millennium Management LLC now owns 909,620 shares of the company’s stock worth $1,601,000 after purchasing an additional 508,447 shares during the last quarter. EAM Investors LLC purchased a new position in Rekor Systems during the 3rd quarter worth approximately $1,348,000. Finally, Tejara Capital Ltd purchased a new position in shares of Rekor Systems during the fourth quarter worth $491,000. 45.71% of the stock is owned by hedge funds and other institutional investors.

Rekor Systems Price Performance

NASDAQ:REKR opened at $2.29 on Friday. The company has a 50 day moving average price of $2.60 and a 200-day moving average price of $2.85. The firm has a market cap of $195.38 million, a price-to-earnings ratio of -3.15 and a beta of 2.13. Rekor Systems, Inc. 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 0.75, a current ratio of 1.47 and a quick ratio of 1.01.

Analyst Ratings Changes

Separately, William Blair restated an “outperform” rating on shares of Rekor Systems in a research note on Tuesday.

Rekor Systems Profile

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.