Coombe Bender & Co LLC Purchases 10,650 Shares of Rekor Systems, Inc. (NASDAQ:REKR)

Coombe Bender & Co LLC raised its position in shares of Rekor Systems, Inc. (NASDAQ:REKR) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,152 shares of the company’s stock after acquiring an additional 10,650 shares during the quarter. Coombe Bender & Co LLC owned about 0.25% of Rekor Systems worth $570,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Parkside Financial Bank & Trust raised its holdings in shares of Rekor Systems by 233.3% during the third quarter. Parkside Financial Bank & Trust now owns 10,000 shares of the company’s stock valued at $28,000 after purchasing an additional 7,000 shares during the period. Freedom Wealth Alliance LLC bought a new stake in shares of Rekor Systems in the 3rd quarter worth $32,000. Eudaimonia Partners LLC bought a new position in shares of Rekor Systems during the third quarter valued at about $33,000. Lake Hills Wealth Management LLC bought a new position in shares of Rekor Systems during the 4th quarter worth approximately $38,000. Finally, Jump Financial LLC bought a new position in shares of Rekor Systems in the third quarter valued at approximately $39,000. 45.71% of the stock is owned by institutional investors.

Rekor Systems Stock Performance

Shares of Rekor Systems stock traded up $0.01 during trading hours on Thursday, reaching $1.80. The company had a trading volume of 280,512 shares, compared to its average volume of 1,130,822. Rekor Systems, Inc. has a one year low of $1.06 and a one year high of $4.15. The business has a fifty day simple moving average of $2.11 and a 200 day simple moving average of $2.67. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.47 and a quick ratio of 1.29.

Rekor Systems (NASDAQ:REKR) last announced its quarterly earnings results on Monday, March 25th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.05). The firm had revenue of $11.07 million during the quarter, compared to analysts’ expectations of $10.72 million. Rekor Systems had a negative return on equity of 106.96% and a negative net margin of 130.78%. Research analysts anticipate that Rekor Systems, Inc. will post -0.28 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, William Blair reissued an “outperform” rating on shares of Rekor Systems in a research report on Tuesday, March 26th.

Rekor Systems 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.