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Why Rekor Systems Stock Was Down Today

TheMotleyFool

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Traffic monitoring and analytics company Rekor Systems (NASDAQ: REKR) has been moving the business in the right direction, but the stock of late has been stuck in reverse. The company's shares fell nearly 10% on Wednesday as investors contemplate how long it will take for some of its growth initiatives to pay off.

Rekor makes license plate recognition systems and traffic monitoring devices. The company has been aggressively seeking to expand its potential market, including a recent deal for Waycare Technologies. The Louisiana Department of Transportation and Development recently tapped Waycare to help it reduce congestion and collisions and monitor speed in the Baton Rouge area.

Image source: Getty Images.

Source Fool.com

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