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

StockNews.com assumed coverage on shares of Remark (NASDAQ:MARK) in a research note published on Tuesday morning. The brokerage issued a sell rating on the information services provider’s stock.

Remark Trading Down 6.7 %

Shares of MARK stock opened at $0.10 on Tuesday. Remark has a twelve month low of $0.08 and a twelve month high of $1.49. The company has a market capitalization of $4.99 million, a P/E ratio of -0.06 and a beta of 2.71. The business’s 50 day moving average is $0.10 and its two-hundred day moving average is $0.13.

Remark (NASDAQ:MARK) last released its quarterly earnings results on Monday, August 19th. The information services provider reported ($0.12) EPS for the quarter. The firm 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. increased its stake in Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% during the 1st quarter, according to the company in 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 purchasing 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 reporting period. Institutional investors own 8.50% of the company’s stock.

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.