Rekor Systems Target of Unusually Large Options Trading (NASDAQ:REKR)

Rekor Systems, Inc. (NASDAQ:REKR) saw some unusual options trading on Friday. Investors acquired 3,709 call options on the company. This is an increase of approximately 936% compared to the typical daily volume of 358 call options.

Wall Street Analyst Weigh In

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

Rekor Systems Price Performance

Shares of NASDAQ REKR traded up $0.02 during trading on Friday, hitting $1.04. 8,559,537 shares of the company were exchanged, compared to its average volume of 1,199,129. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.76 and a quick ratio of 0.63. Rekor Systems has a 1 year low of $0.78 and a 1 year high of $3.92. The company has a market cap of $97.58 million, a price-to-earnings ratio of -1.60 and a beta of 1.91. The firm’s fifty day moving average price is $0.98 and its 200 day moving average price is $1.27.

Institutional Trading of Rekor Systems

A number of institutional investors have recently added to or reduced their stakes in REKR. Bank of New York Mellon Corp boosted its stake in shares of Rekor Systems by 1,513.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 190,730 shares of the company’s stock worth $296,000 after acquiring an additional 178,912 shares in the last quarter. Rhumbline Advisers purchased a new stake in Rekor Systems during the second quarter worth $94,000. Renaissance Technologies LLC acquired a new stake in Rekor Systems in the second quarter valued at $363,000. Sanctuary Advisors LLC purchased a new position in shares of Rekor Systems in the second quarter valued at $582,000. Finally, SG Americas Securities LLC raised its stake in shares of Rekor Systems by 3.2% during the 3rd quarter. SG Americas Securities LLC now owns 693,941 shares of the company’s stock worth $819,000 after buying an additional 21,517 shares during the last quarter. Hedge funds and other institutional investors own 45.71% of the company’s stock.

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.