Investors Purchase High Volume of Rekor Systems Call Options (NASDAQ:REKR)

Rekor Systems, Inc. (NASDAQ:REKR) was the recipient of unusually large options trading activity on Friday. Traders purchased 3,709 call options on the company. This is an increase of approximately 936% compared to the typical volume of 358 call options.

Rekor Systems Stock Up 27.5 %

Shares of Rekor Systems stock opened at $1.30 on Friday. The company has a fifty day moving average price of $0.98 and a 200 day moving average price of $1.27. The company has a current ratio of 0.76, a quick ratio of 0.63 and a debt-to-equity ratio of 0.37. Rekor Systems has a twelve month low of $0.78 and a twelve month high of $3.92. The stock has a market cap of $121.97 million, a price-to-earnings ratio of -2.00 and a beta of 1.91.

Hedge Funds Weigh In On Rekor Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new stake in shares of Rekor Systems during the second quarter valued at approximately $582,000. Renaissance Technologies LLC acquired a new stake in Rekor Systems during the 2nd quarter valued at $363,000. State Street Corp increased its stake in Rekor Systems by 14.7% during the 3rd quarter. State Street Corp now owns 1,514,044 shares of the company’s stock worth $1,787,000 after buying an additional 194,323 shares during the period. Bank of New York Mellon Corp lifted its holdings in Rekor Systems by 1,513.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 190,730 shares of the company’s stock worth $296,000 after buying an additional 178,912 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Rekor Systems in the 3rd quarter valued at about $142,000. Hedge funds and other institutional investors own 45.71% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.