Why Rekor Systems Stock Is Plunging Today

·2-min read
Why Rekor Systems Stock Is Plunging Today

Shares of Rekor Systems (NASDAQ: REKR) fell more than 20% on Tuesday following the company's quarterly earnings release. Rekor makes license plate recognition systems and traffic monitoring devices. The stock was already under pressure heading into earnings: There is speculation that legislation introduced in the Texas and Florida statehouses that would lead to an uptick in Rekor sales is unlikely to pass.

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