StockNews.com Begins Coverage on Remark (NASDAQ:MARK)

StockNews.com began coverage on shares of Remark (NASDAQ:MARK) in a research note published on Tuesday. The brokerage issued a sell rating on the information services provider’s stock.

Remark Stock Up 6.8 %

Shares of NASDAQ:MARK opened at $0.11 on Tuesday. The firm has a market capitalization of $5.49 million, a PE ratio of -0.07 and a beta of 2.71. The company has a 50-day moving average price of $0.10 and a two-hundred day moving average price of $0.13. Remark has a twelve month low of $0.08 and a twelve month high of $1.49.

Remark (NASDAQ:MARK) last released its quarterly earnings data on Monday, August 19th. The information services provider reported ($0.12) EPS for the quarter. The company had revenue of $3.70 million for the quarter.

Hedge Funds Weigh In On Remark

A hedge fund recently raised its stake in Remark stock. Cutter & CO Brokerage Inc. raised 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 institutional investor owned 4,687,572 shares of the information services provider’s stock after buying an additional 2,275,675 shares during the quarter. 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.

About Remark

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.