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

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

Remark Stock Performance

Shares of NASDAQ:MARK opened at $0.12 on Thursday. The stock has a 50-day simple moving average of $0.10 and a 200-day simple moving average of $0.12. The stock has a market capitalization of $5.74 million, a P/E ratio of -0.07 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 quarterly earnings data on Monday, August 19th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $3.70 million for the quarter.

Institutional Trading of Remark

A hedge fund recently raised its stake in Remark stock. Cutter & CO Brokerage Inc. boosted its stake in Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 approximately 11.00% of Remark worth $984,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 8.50% of the company’s stock.

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.