Remark (NASDAQ:MARK) Research Coverage Started at StockNews.com

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

Remark Stock Up 8.4 %

MARK opened at $0.12 on Thursday. The firm has a market capitalization of $6.17 million, a P/E ratio of -0.08 and a beta of 2.72. The firm’s 50 day moving average is $0.10 and its 200-day moving average is $0.12. Remark has a 52-week low of $0.08 and a 52-week high of $1.49.

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

Institutional Trading of Remark

A hedge fund recently raised its stake in Remark stock. Cutter & CO Brokerage Inc. increased its stake in Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 about 11.00% of Remark worth $984,000 at the end of the most recent reporting period. 8.50% of the stock is currently owned by institutional investors.

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.