Remark (MARK) to Release Earnings on Monday

Remark (NASDAQ:MARKGet Rating) is scheduled to be posting its quarterly earnings results after the market closes on Monday, May 16th. Parties that wish to register for the company’s conference call can do so using this link.

Remark (NASDAQ:MARKGet Rating) last released its quarterly earnings data on Thursday, March 31st. The information services provider reported ($0.03) earnings per share (EPS) for the quarter. Remark had a net margin of 171.81% and a negative return on equity of 96.01%. The company had revenue of $6.33 million during the quarter.

NASDAQ MARK opened at $0.57 on Monday. Remark has a 1 year low of $0.54 and a 1 year high of $6.70. The company has a market capitalization of $59.41 million, a PE ratio of 2.09 and a beta of 3.43. The company has a fifty day moving average of $0.70 and a two-hundred day moving average of $1.01.

Separately, StockNews.com downgraded shares of Remark from a “hold” rating to a “sell” rating in a research note on Thursday, March 24th.

Several institutional investors and hedge funds have recently made changes to their positions in MARK. Morgan Stanley boosted its stake in shares of Remark by 7,511.2% during the second quarter. Morgan Stanley now owns 764,925 shares of the information services provider’s stock worth $1,422,000 after buying an additional 754,875 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of Remark during the third quarter worth about $96,000. Geode Capital Management LLC boosted its stake in shares of Remark by 7.9% during the third quarter. Geode Capital Management LLC now owns 849,612 shares of the information services provider’s stock worth $892,000 after buying an additional 62,195 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of Remark during the fourth quarter worth about $61,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Remark during the fourth quarter worth about $338,000. Institutional investors and hedge funds own 21.22% of the company’s stock.

About Remark (Get Rating)

Remark Holdings, Inc primarily focuses on the development and deployment of artificial intelligence-based solutions for businesses and software developers. It operates a data and AI software platform under the Remark AI name in the United States and the KanKan AI name in the Asia Pacific region that offers AI-based computer vision products, computing devices, and software-as-a-service solutions for the retail, urban life cycle, workplace and food safety, railway safety, and biosafety industries.

Further Reading

Earnings History for Remark (NASDAQ:MARK)

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