Remark (NASDAQ:MARK) Earns Sell Rating from Analysts at StockNews.com

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

Remark Stock Performance

Shares of Remark stock opened at $0.13 on Wednesday. The company has a market capitalization of $6.67 million, a PE ratio of -0.09 and a beta of 2.72. The company has a 50-day simple moving average of $0.10 and a two-hundred day simple moving average of $0.13. Remark has a one year low of $0.08 and a one year high of $1.49.

Remark (NASDAQ:MARK) last posted its 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 Investors Weigh In On Remark

A hedge fund recently raised its stake in Remark stock. Cutter & CO Brokerage Inc. boosted its stake in shares of Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% during the 1st quarter, according to the company in its most recent 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 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.