Remark (NASDAQ:MARK) Shares Cross Below 50 Day Moving Average of $0.15

Remark Holdings, Inc. (NASDAQ:MARKGet Free Report) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $0.15 and traded as low as $0.12. Remark shares last traded at $0.13, with a volume of 432,598 shares.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Remark in a research report on Tuesday. They set a “sell” rating on the stock.

Read Our Latest Report on MARK

Remark Price Performance

The company has a 50-day moving average price of $0.15 and a 200-day moving average price of $0.32. The firm has a market capitalization of $6.48 million, a PE ratio of -0.09 and a beta of 2.63.

Remark (NASDAQ:MARKGet Free Report) last issued its quarterly earnings data on Monday, May 20th. The information services provider reported ($0.40) earnings per share (EPS) for the quarter. The firm had revenue of $0.39 million during the quarter.

Hedge Funds Weigh In On Remark

A hedge fund recently raised its stake in Remark stock. Cannell & Co. boosted its holdings in Remark Holdings, Inc. (NASDAQ:MARKFree Report) by 44.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,745 shares of the information services provider’s stock after purchasing an additional 30,000 shares during the quarter. Cannell & Co. owned approximately 0.47% of Remark worth $48,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 8.50% of the company’s stock.

About Remark

(Get Free Report)

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.

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