StockNews.com Begins Coverage on Remark (NASDAQ:MARK)

StockNews.com began coverage on shares of Remark (NASDAQ:MARK – Get Rating) in a research note issued to investors on Thursday. The firm issued a sell rating on the information services provider’s stock.

Remark Stock Performance

NASDAQ MARK traded down $0.11 during trading hours on Thursday, hitting $1.05. 245,110 shares of the company’s stock were exchanged, compared to its average volume of 363,935. The business’s 50 day moving average is $1.48 and its 200-day moving average is $0.77. Remark has a 12-month low of $1.00 and a 12-month high of $9.20.

Hedge Funds Weigh In On Remark

Several large investors have recently added to or reduced their stakes in the business. UBS Group AG lifted its position in Remark by 292.8% during the first quarter. UBS Group AG now owns 29,460 shares of the information services provider’s stock worth $25,000 after buying an additional 21,960 shares during the period. Bank of America Corp DE purchased a new position in shares of Remark in the 1st quarter worth about $35,000. State Street Corp raised its holdings in shares of Remark by 33.4% in 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. Virtu Financial LLC purchased a new position in shares of Remark in the 3rd quarter worth about $52,000. Finally, Vanguard Group Inc. raised its holdings in shares of Remark by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 3,302,333 shares of the information services provider’s stock worth $878,000 after purchasing an additional 238,328 shares during the period. 9.80% of the stock is currently owned by hedge funds and other institutional investors.

About Remark

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Remark Holdings, Inc is a technology-focused company that develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries. It operates through its Technology and Data Intelligence segment, which provides products and services based on collected and processed data by using 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.