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

StockNews.com started coverage on shares of Remark (NASDAQ:MARKFree Report) in a report released on Sunday morning. The firm issued a sell rating on the information services provider’s stock.

Remark Trading Up 5.5 %

Shares of Remark stock opened at $0.21 on Friday. Remark has a twelve month low of $0.14 and a twelve month high of $1.83. The company has a 50-day simple moving average of $0.36 and a two-hundred day simple moving average of $0.45.

Hedge Funds Weigh In On Remark

Hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG grew its holdings in shares of Remark by 292.8% during the 1st quarter. UBS Group AG now owns 29,460 shares of the information services provider’s stock valued at $25,000 after purchasing an additional 21,960 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of Remark during the 1st quarter valued at $35,000. Cannell & Co. lifted its position in shares of Remark by 44.3% during the 4th quarter. Cannell & Co. now owns 97,745 shares of the information services provider’s stock valued at $48,000 after acquiring an additional 30,000 shares during the period. State Street Corp lifted 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 valued at $282,000 after acquiring an additional 86,348 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Remark by 36.7% during the third quarter. Vanguard Group Inc. now owns 489,154 shares of the information services provider’s stock worth $244,000 after buying an additional 131,348 shares during the last quarter. 8.50% of the stock is currently owned by institutional investors and hedge funds.

Remark Company Profile

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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 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 rPad products and services.

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