Remark (NASDAQ:MARK) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Remark (NASDAQ:MARK) in a research report released on Sunday. The brokerage issued a sell rating on the information services provider’s stock.

Remark Trading Up 8.0 %

MARK opened at $0.09 on Friday. The company has a market cap of $4.69 million, a price-to-earnings ratio of -0.06 and a beta of 2.71. The company’s 50 day moving average is $0.10 and its 200 day moving average is $0.15. Remark has a 12-month low of $0.08 and a 12-month high of $1.49.

Remark (NASDAQ:MARK) last released 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

A hedge fund recently raised its stake in Remark stock. Cutter & CO Brokerage Inc. boosted its position in shares of Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% during the first quarter, according to the company in its most recent filing with the Securities and 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 11.00% of Remark worth $984,000 at the end of the most recent quarter. 8.50% of the stock is owned by 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.