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

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

Remark Stock Performance

MARK stock opened at $0.12 on Thursday. The firm has a market capitalization of $6.17 million, a PE ratio of -0.08 and a beta of 2.72. Remark has a 1-year low of $0.08 and a 1-year high of $1.49. The business’s 50 day simple moving average is $0.10 and its 200 day simple moving average is $0.12.

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 company had revenue of $3.70 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Remark stock. Cutter & CO Brokerage Inc. boosted its position in Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,687,572 shares of the information services provider’s stock after purchasing an additional 2,275,675 shares during the quarter. 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 and hedge funds.

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.