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

Stock analysts at StockNews.com began coverage on shares of Remark (NASDAQ:MARK) in a report issued on Sunday. The brokerage set a “sell” rating on the information services provider’s stock.

Remark Stock Down 6.6 %

Shares of NASDAQ:MARK opened at $0.09 on Friday. Remark has a 12-month low of $0.08 and a 12-month high of $1.49. The business has a 50 day moving average of $0.10 and a 200-day moving average of $0.15. The stock has a market cap of $4.38 million, a PE ratio of -0.05 and a beta of 2.71.

Remark (NASDAQ:MARK) last released its earnings results on Monday, August 19th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $3.70 million during the quarter.

Hedge Funds Weigh In On Remark

A hedge fund recently raised its stake in Remark stock. Cutter & CO Brokerage Inc. raised its holdings in Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,687,572 shares of the information services provider’s stock after acquiring an additional 2,275,675 shares during the period. Cutter & CO Brokerage Inc. owned about 11.00% of Remark worth $984,000 at the end of the most recent quarter. Institutional investors own 8.50% of the company’s stock.

About Remark

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.