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 Saturday morning. The brokerage issued a sell rating on the information services provider’s stock.

Remark Price Performance

MARK stock opened at $0.09 on Friday. The firm has a fifty day moving average price of $0.10 and a two-hundred day moving average price of $0.15. The firm has a market cap of $4.83 million, a price-to-earnings ratio of -0.06 and a beta of 2.72. Remark has a 1-year low of $0.08 and a 1-year high of $1.49.

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

Institutional Investors Weigh In On Remark

An institutional investor recently raised its position in Remark stock. Cutter & CO Brokerage Inc. lifted its stake in Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,687,572 shares of the information services provider’s stock after purchasing an additional 2,275,675 shares during the period. Cutter & CO Brokerage Inc. owned 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.