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

StockNews.com started coverage on shares of Remark (NASDAQ:MARK) in a research report sent to investors on Wednesday morning. The firm issued a sell rating on the information services provider’s stock.

Remark Stock Performance

Remark stock opened at $0.12 on Wednesday. Remark has a fifty-two week low of $0.08 and a fifty-two week high of $1.49. The firm’s 50-day simple moving average is $0.10 and its 200 day simple moving average is $0.13. The stock has a market cap of $6.81 million, a PE ratio of -0.10 and a beta of 2.72.

Remark (NASDAQ:MARK) last announced its earnings results on Monday, August 19th. The information services provider reported ($0.12) earnings per share for the quarter. The firm had revenue of $3.70 million during the quarter.

Hedge Funds Weigh In On Remark

An institutional investor recently raised its position in Remark stock. Cutter & CO Brokerage Inc. grew its stake in shares of Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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 about 11.00% of Remark worth $984,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.