ValuEngine Upgrades Rekor Systems (NASDAQ:REKR) to “Hold”

Rekor Systems (NASDAQ:REKR) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Tuesday, ValuEngine reports.

Shares of REKR traded down $0.03 during mid-day trading on Tuesday, reaching $3.17. 31,757 shares of the company were exchanged, compared to its average volume of 100,304. Rekor Systems has a 52 week low of $0.59 and a 52 week high of $5.44. The business has a 50 day simple moving average of $3.80 and a two-hundred day simple moving average of $3.11.

An institutional investor recently raised its position in Rekor Systems stock. Geode Capital Management LLC lifted its stake in shares of Rekor Systems Inc (NASDAQ:REKR) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,941 shares of the company’s stock after acquiring an additional 6,342 shares during the quarter. Geode Capital Management LLC owned approximately 0.22% of Rekor Systems worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 2.55% of the company’s stock.

Rekor Systems Company Profile

Rekor Systems, Inc, through its subsidiary, Rekor Recognition Systems, Inc, provides artificial intelligence and machine-learning enabled automated license plate recognition (ALPR) systems. Its ALPR systems are powered by OpenALPR software to enhance the accuracy of license plate reads to industry-leading levels, as well as to identify the make, model, and color of vehicles.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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