Remark (NASDAQ:MARK) Research Coverage Started at StockNews.com

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

Remark Stock Performance

Shares of NASDAQ MARK remained flat at $0.12 during mid-day trading on Thursday. 170,130 shares of the stock were exchanged, compared to its average volume of 333,715. Remark has a 1-year low of $0.11 and a 1-year high of $1.83. The stock has a fifty day simple moving average of $0.22 and a 200 day simple moving average of $0.39.

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

Hedge Funds Weigh In On Remark

An institutional investor recently raised its position in Remark stock. Cutter & CO Brokerage Inc. boosted its stake in shares of Remark Holdings, Inc. (NASDAQ:MARK) by 101.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,269,647 shares of the information services provider’s stock after purchasing an additional 638,940 shares during the quarter. Cutter & CO Brokerage Inc. owned about 6.44% of Remark worth $633,000 at the end of the most recent quarter. Hedge funds and other 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.