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

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

Remark Trading Down 5.0 %

NASDAQ MARK opened at $0.12 on Thursday. Remark has a 12 month low of $0.08 and a 12 month high of $1.49. The stock has a market cap of $5.74 million, a price-to-earnings ratio of -0.07 and a beta of 2.72. The company’s 50 day moving average is $0.10 and its two-hundred day moving average is $0.12.

Remark (NASDAQ:MARK) last announced its quarterly earnings results 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.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Remark stock. Cutter & CO Brokerage Inc. lifted its position in Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund 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 11.00% of Remark worth $984,000 at the end of the most recent reporting period. 8.50% of the stock is owned by hedge funds and other institutional investors.

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.