Remark (NASDAQ:MARK) Shares Pass Above 50 Day Moving Average – Here’s What Happened

Shares of Remark Holdings, Inc. (NASDAQ:MARK) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $0.10 and traded as high as $0.15. Remark shares last traded at $0.13, with a volume of 926,852 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Remark in a research note on Wednesday. They set a “sell” rating for the company.

Remark Trading Down 7.7 %

The firm’s 50-day simple moving average is $0.10 and its 200-day simple moving average is $0.13. The company has a market capitalization of $6.67 million, a PE ratio of -0.09 and a beta of 2.72.

Remark (NASDAQ:MARK) last posted its earnings results on Monday, August 19th. The information services provider reported ($0.12) earnings per share for the quarter. The business had revenue of $3.70 million during the quarter.

Hedge Funds Weigh In On Remark

A hedge fund recently raised its stake in Remark stock. Cutter & CO Brokerage Inc. grew its position in Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,687,572 shares of the information services provider’s stock after buying 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 quarter. Institutional investors 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.