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

StockNews.com assumed coverage on shares of Remark (NASDAQ:MARK) in a research note published on Tuesday. The brokerage issued a sell rating on the information services provider’s stock.

Remark Price Performance

Shares of NASDAQ MARK opened at $0.16 on Tuesday. The stock has a market capitalization of $6.80 million, a PE ratio of -0.09 and a beta of 2.53. Remark has a one year low of $0.14 and a one year high of $1.83. The business’s fifty day moving average price is $0.26 and its 200-day moving average price is $0.42.

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

Institutional Investors Weigh In On Remark

A number of hedge funds and other institutional investors have recently bought and sold shares of MARK. Cannell & Co. grew its position in shares of Remark by 44.3% in the fourth quarter. Cannell & Co. now owns 97,745 shares of the information services provider’s stock valued at $48,000 after purchasing an additional 30,000 shares in the last quarter. Cutter & CO Brokerage Inc. grew its holdings in Remark by 90.0% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 2,411,897 shares of the information services provider’s stock valued at $1,206,000 after buying an additional 1,142,250 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Remark by 36.7% during the third quarter. Vanguard Group Inc. now owns 489,154 shares of the information services provider’s stock valued at $244,000 after buying an additional 131,348 shares during the period. Bank of America Corp DE purchased a new stake in shares of Remark in the first quarter worth about $35,000. Finally, State Street Corp boosted its position in shares of Remark by 33.4% in the first 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. Institutional investors own 8.50% of the company’s stock.

About Remark

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.