International Assets Investment Management LLC Buys 26,100 Shares of Rekor Systems, Inc. (NASDAQ:REKR)

International Assets Investment Management LLC grew its stake in Rekor Systems, Inc. (NASDAQ:REKR) by 257.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 36,250 shares of the company’s stock after purchasing an additional 26,100 shares during the period. International Assets Investment Management LLC’s holdings in Rekor Systems were worth $82,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of REKR. Barclays PLC bought a new stake in shares of Rekor Systems during the 3rd quarter worth approximately $139,000. HighTower Advisors LLC lifted its stake in shares of Rekor Systems by 63.4% during the 3rd quarter. HighTower Advisors LLC now owns 133,727 shares of the company’s stock worth $373,000 after acquiring an additional 51,892 shares during the last quarter. Armistice Capital LLC bought a new stake in shares of Rekor Systems during the 3rd quarter worth approximately $14,562,000. Tejara Capital Ltd lifted its stake in shares of Rekor Systems by 43.6% during the 3rd quarter. Tejara Capital Ltd now owns 745,581 shares of the company’s stock worth $2,103,000 after acquiring an additional 226,411 shares during the last quarter. Finally, Citigroup Inc. purchased a new position in Rekor Systems during the 3rd quarter worth $203,000. 45.71% of the stock is owned by institutional investors.

Rekor Systems Trading Up 4.7 %

Shares of NASDAQ:REKR opened at $1.56 on Friday. Rekor Systems, Inc. has a 12-month low of $1.28 and a 12-month high of $4.15. The business’s fifty day simple moving average is $1.64 and its 200-day simple moving average is $2.34. The company has a market capitalization of $133.16 million, a PE ratio of -2.14 and a beta of 2.36. The company has a current ratio of 1.26, a quick ratio of 1.07 and a debt-to-equity ratio of 0.28.

Rekor Systems (NASDAQ:REKR) last announced its quarterly earnings results on Wednesday, May 15th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.12). Rekor Systems had a negative net margin of 133.98% and a negative return on equity of 118.77%. The company had revenue of $9.78 million during the quarter, compared to analysts’ expectations of $13.03 million. As a group, equities research analysts predict that Rekor Systems, Inc. will post -0.53 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, William Blair restated an “outperform” rating on shares of Rekor Systems in a report on Tuesday, March 26th.

About Rekor Systems

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.