Remark (NASDAQ:MARK) Coverage Initiated by Analysts at StockNews.com

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

Remark Trading Up 7.0 %

Remark stock opened at $0.11 on Monday. The company has a market capitalization of $5.85 million, a P/E ratio of -0.07 and a beta of 2.71. Remark has a 1-year low of $0.08 and a 1-year high of $1.49. The firm’s fifty day simple moving average is $0.10 and its 200-day simple moving average is $0.14.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Remark stock. Cutter & CO Brokerage Inc. boosted its holdings in shares of Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,687,572 shares of the information services provider’s stock after purchasing an additional 2,275,675 shares during the quarter. Cutter & CO Brokerage Inc. owned about 11.00% of Remark worth $984,000 at the end of the most recent quarter. 8.50% of the stock is owned by institutional investors.

Remark Company Profile

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.