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

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

Remark Price Performance

MARK opened at $0.12 on Thursday. The business has a fifty day simple moving average of $0.10 and a 200 day simple moving average of $0.12. The company has a market capitalization of $6.17 million, a PE ratio of -0.08 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 released 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.

Institutional Trading of Remark

A hedge fund recently raised its stake 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 the company in its most recent filing with the SEC. The firm owned 4,687,572 shares of the information services provider’s stock after acquiring an additional 2,275,675 shares during the quarter. Cutter & CO Brokerage Inc. owned about 11.00% of Remark worth $984,000 as of its most recent SEC filing. 8.50% of the stock is currently owned by hedge funds and other institutional investors.

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.