Remark (NASDAQ:MARK) Sees Strong Trading Volume

Remark Holdings Inc (NASDAQ:MARK) shares saw unusually-high trading volume on Friday . Approximately 947,020 shares were traded during mid-day trading, an increase of 238% from the previous session’s volume of 279,924 shares.The stock last traded at $1.05 and had previously closed at $0.84.

MARK has been the topic of several recent research reports. ValuEngine raised Valmont Industries from a “sell” rating to a “hold” rating in a research note on Friday. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday.

The firm’s 50 day moving average price is $0.94. The stock has a market capitalization of $45.16 million, a PE ratio of -0.83 and a beta of 1.95.

Remark (NASDAQ:MARK) last released its quarterly earnings results on Thursday, May 9th. The information services provider reported ($0.23) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.42) by $0.19. The firm had revenue of $19.46 million during the quarter, compared to analyst estimates of $18.90 million. Equities analysts anticipate that Remark Holdings Inc will post -0.85 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MARK. GSA Capital Partners LLP acquired a new stake in shares of Remark in the 4th quarter valued at about $26,000. Geode Capital Management LLC raised its stake in shares of Remark by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 255,763 shares of the information services provider’s stock valued at $309,000 after purchasing an additional 18,223 shares during the period. Brighton Jones LLC acquired a new stake in shares of Remark in the 1st quarter valued at about $27,000. Finally, Rhumbline Advisers raised its stake in shares of Remark by 49.0% in the 4th quarter. Rhumbline Advisers now owns 31,660 shares of the information services provider’s stock valued at $38,000 after purchasing an additional 10,410 shares during the period. 18.04% of the stock is currently owned by hedge funds and other institutional investors.

About Remark (NASDAQ:MARK)

Remark Holdings, Inc, technology-focused company, develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries worldwide. It operates through two segments, Travel & Entertainment, and Technology & Data Intelligence. The company operates KanKan, a data intelligence platform that offers AI-based vision products, computing devices, and software-as-a-service products for the financial, retail, entertainment, education, and workplace and public safety industries.

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