Remark (NASDAQ:MARK) Stock Passes Above Fifty Day Moving Average of $0.44

Remark Holdings, Inc. (NASDAQ:MARKGet Rating)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.44 and traded as high as $0.47. Remark shares last traded at $0.45, with a volume of 1,944,675 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Remark in a research note on Thursday. They issued a “sell” rating on the stock.

Remark Stock Up 6.9 %

The company has a 50 day simple moving average of $0.44 and a 200-day simple moving average of $0.62. The stock has a market cap of $47.82 million, a price-to-earnings ratio of 5.68 and a beta of 3.13.

Remark (NASDAQ:MARKGet Rating) last announced its quarterly earnings data on Monday, May 16th. The information services provider reported ($0.24) earnings per share (EPS) for the quarter. Remark had a net margin of 46.18% and a negative return on equity of 163.16%. The firm had revenue of $4.67 million for the quarter.

Institutional Trading of Remark

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cutter & CO Brokerage Inc. raised its position in shares of Remark by 3.7% during the 2nd quarter. Cutter & CO Brokerage Inc. now owns 2,355,482 shares of the information services provider’s stock worth $1,036,000 after purchasing an additional 83,253 shares during the period. State Street Corp raised its position in shares of Remark by 33.4% during the 1st quarter. State Street Corp now owns 344,880 shares of the information services provider’s stock worth $282,000 after purchasing an additional 86,348 shares during the period. Bank of America Corp DE acquired a new stake in shares of Remark during the 1st quarter worth approximately $35,000. Caerus Investment Advisors LLC acquired a new stake in shares of Remark during the 4th quarter worth approximately $32,000. Finally, Bluefin Capital Management LLC acquired a new stake in shares of Remark during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 21.22% of the company’s stock.

Remark Company Profile

(Get Rating)

Remark Holdings, Inc primarily focuses on the development and deployment of artificial intelligence-based solutions for businesses and software developers. It operates a data and AI software platform under the Remark AI name in the United States and the KanKan AI name in the Asia Pacific region that offers AI-based computer vision products, computing devices, and software-as-a-service solutions for the retail, urban life cycle, workplace and food safety, railway safety, and biosafety industries.

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