Remark (NASDAQ:MARK) Shares Pass Below 50 Day Moving Average – Here’s Why

Shares of Remark Holdings, Inc. (NASDAQ:MARK) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.11 and traded as low as $0.09. Remark shares last traded at $0.09, with a volume of 282,339 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Remark in a research report on Friday. They set a “sell” rating on the stock.

Remark Stock Down 3.9 %

The company’s 50-day moving average is $0.11 and its two-hundred day moving average is $0.11. The company has a market capitalization of $5.53 million, a P/E ratio of -0.07 and a beta of 2.73.

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.