Stock Traders Purchase Large Volume of Call Options on Rekor Systems (NASDAQ:REKR)

Rekor Systems, Inc. (NASDAQ:REKR) was the target of some unusual options trading on Friday. Stock investors purchased 3,709 call options on the stock. This represents an increase of 936% compared to the average volume of 358 call options.

Wall Street Analyst Weigh In

Separately, William Blair reaffirmed an “outperform” rating on shares of Rekor Systems in a research note on Friday, November 15th.

Hedge Funds Weigh In On Rekor Systems

Large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in shares of Rekor Systems during the 2nd quarter valued at about $582,000. Renaissance Technologies LLC purchased a new stake in Rekor Systems in the second quarter valued at approximately $363,000. Rhumbline Advisers acquired a new position in Rekor Systems during the second quarter worth approximately $94,000. SG Americas Securities LLC raised its stake in Rekor Systems by 3.2% during the third quarter. SG Americas Securities LLC now owns 693,941 shares of the company’s stock worth $819,000 after purchasing an additional 21,517 shares during the period. Finally, Lake Hills Wealth Management LLC boosted its holdings in shares of Rekor Systems by 12.0% in the 3rd quarter. Lake Hills Wealth Management LLC now owns 113,654 shares of the company’s stock valued at $134,000 after purchasing an additional 12,166 shares during the last quarter. 45.71% of the stock is currently owned by hedge funds and other institutional investors.

Rekor Systems Trading Up 27.5 %

Shares of REKR opened at $1.30 on Friday. Rekor Systems has a fifty-two week low of $0.78 and a fifty-two week high of $3.92. The company has a market capitalization of $121.97 million, a PE ratio of -2.00 and a beta of 1.91. The stock has a fifty day moving average of $0.98 and a two-hundred day moving average of $1.27. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.76.

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.