Rekor Systems (REKR) to Release Earnings on Monday

Rekor Systems (NASDAQ:REKR – Get Rating) will be announcing its earnings results after the market closes on Monday, May 16th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

REKR opened at $2.61 on Monday. Rekor Systems has a 52 week low of $2.48 and a 52 week high of $19.72. The business’s fifty day simple moving average is $3.94 and its 200 day simple moving average is $5.90.

Several analysts recently issued reports on the company. Lake Street Capital cut their target price on Rekor Systems from $11.00 to $6.00 in a research note on Friday, April 1st. Zacks Investment Research raised Rekor Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in Rekor Systems by 106.5% in the 4th quarter. Bank of America Corp DE now owns 48,983 shares of the company’s stock worth $321,000 after purchasing an additional 25,260 shares during the period. California State Teachers Retirement System increased its holdings in Rekor Systems by 14.4% during the fourth quarter. California State Teachers Retirement System now owns 48,284 shares of the company’s stock valued at $316,000 after buying an additional 6,071 shares during the period. Invesco Ltd. boosted its stake in Rekor Systems by 26.0% in the third quarter. Invesco Ltd. now owns 21,213 shares of the company’s stock valued at $244,000 after acquiring an additional 4,376 shares in the last quarter. Morgan Stanley acquired a new stake in Rekor Systems in the first quarter valued at approximately $217,000. Finally, Legal & General Group Plc lifted its stake in shares of Rekor Systems by 20.6% during the fourth quarter. Legal & General Group Plc now owns 24,636 shares of the company’s stock worth $162,000 after buying an additional 4,210 shares during the period. 50.32% of the stock is owned by institutional investors and hedge funds.

About Rekor Systems (Get Rating)

Rekor Systems, Inc, through its subsidiaries, develops and implements transformative mission-critical intelligent infrastructure solutions and services for transportation management, public safety, and commercial markets in the United States, Canada, and internationally. It offers Rekor One Traffic Management solutions, including software modules for roadway monitoring and response, an incident detection and management solution; traffic and infrastructure analytics to capture data for roadway and infrastructure analytics and planning; and live and archival traffic view for situational awareness of what is happening on roadways.

Read More