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

Research analysts at StockNews.com began coverage on shares of Remark (NASDAQ:MARK) in a research note issued on Tuesday. The brokerage set a “sell” rating on the information services provider’s stock.

Remark Trading Down 5.2 %

NASDAQ MARK opened at $0.11 on Tuesday. The stock has a 50-day simple moving average of $0.10 and a 200 day simple moving average of $0.13. The company has a market capitalization of $5.35 million, a PE ratio of -0.07 and a beta of 2.71. Remark has a 12 month low of $0.08 and a 12 month high of $1.49.

Remark (NASDAQ:MARK) last released its quarterly earnings data on Monday, August 19th. The information services provider reported ($0.12) EPS for the quarter. The company had revenue of $3.70 million during the quarter.

Institutional Investors Weigh In On Remark

A hedge fund recently raised its stake in Remark stock. Cutter & CO Brokerage Inc. grew its holdings in Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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. 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.