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

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

Remark Price Performance

Shares of Remark stock opened at $0.14 on Wednesday. Remark has a 1 year low of $0.13 and a 1 year high of $1.83. The firm’s 50-day moving average is $0.24 and its two-hundred day moving average is $0.41. The stock has a market cap of $6.12 million, a price-to-earnings ratio of -0.08 and a beta of 2.53.

Remark (NASDAQ:MARK) last released its quarterly earnings results on Monday, April 15th. The information services provider reported ($0.36) earnings per share for the quarter. The firm had revenue of $0.23 million for the quarter.

Institutional Trading of Remark

An institutional investor recently raised its position in Remark stock. Cutter & CO Brokerage Inc. increased its stake in Remark Holdings, Inc. (NASDAQ:MARK) by 90.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,411,897 shares of the information services provider’s stock after purchasing an additional 1,142,250 shares during the period. Cutter & CO Brokerage Inc. owned 11.52% of Remark worth $1,206,000 as of its most recent filing with the Securities & Exchange Commission. 8.50% of the stock is currently owned by institutional investors and hedge funds.

Remark Company Profile

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.