Rekor Systems Sees Unusually Large Options Volume (NASDAQ:REKR)

Rekor Systems, Inc. (NASDAQ:REKR - Get Free Report) was the recipient of some unusual options trading activity on Friday. Stock investors acquired 3,709 call options on the company. This represents an increase of approximately 936% compared to the average volume of 358 call options.

Analyst Ratings Changes

Separately, William Blair restated an "outperform" rating on shares of Rekor Systems in a research report on Friday, November 15th.

Rekor Systems Trading Up 27.5 %

Shares of Rekor Systems stock traded up $0.28 on Friday, hitting $1.30. The stock had a trading volume of 16,853,160 shares, compared to its average volume of 1,236,531. The stock has a 50 day moving average of $0.98 and a 200 day moving average of $1.27. The firm has a market capitalization of $121.97 million, a P/E ratio of -2.00 and a beta of 1.91. Rekor Systems has a twelve month low of $0.78 and a twelve month high of $3.92. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.63 and a current ratio of 0.76.

Hedge Funds Weigh In On Rekor Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new stake in shares of Rekor Systems in the second quarter valued at about $582,000. Renaissance Technologies LLC acquired a new stake in Rekor Systems during the 2nd quarter valued at approximately $363,000. Rhumbline Advisers bought a new position in Rekor Systems during the 2nd quarter worth approximately $94,000. SG Americas Securities LLC lifted its position in shares of Rekor Systems by 3.2% in the 3rd 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 stake 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 institutional investors and hedge funds.

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Rekor Systems Company Profile

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.