Remark (NASDAQ:MARK) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Remark (NASDAQ:MARK) in a report issued on Monday. The firm set a “sell” rating on the information services provider’s stock.

Remark Price Performance

Shares of MARK stock opened at $0.10 on Monday. Remark has a 12-month low of $0.10 and a 12-month high of $1.49. The firm has a fifty day moving average of $0.13 and a 200-day moving average of $0.23. The firm has a market capitalization of $5.09 million, a price-to-earnings ratio of -0.06 and a beta of 2.72.

Remark (NASDAQ:MARK) last posted its earnings results on Monday, May 20th. The information services provider reported ($0.40) earnings per share (EPS) for the quarter. The business had revenue of $0.39 million during the quarter.

Institutional Trading of Remark

An institutional investor recently raised its position in Remark stock. Cutter & CO Brokerage Inc. lifted its stake in shares of Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,687,572 shares of the information services provider’s stock after acquiring an additional 2,275,675 shares during the period. Cutter & CO Brokerage Inc. owned approximately 11.00% of Remark worth $984,000 at the end of the most recent quarter. Institutional investors and hedge funds own 8.50% of the company’s stock.

Remark Company Profile

Remark Holdings, Inc provides AI-powered analytics, computer vision, and smart agent solutions. The company operates a data and AI software platform that offers AI-based computer vision products, computing devices, and software-as-a-service solutions; and Smart Safety Platform, a software solution that uses computer vision to detect persons, objects, and behavior in video feeds, as well as provides Remark AI Thermal kits and rPads products and services.