Remark Media, Inc. (NASDAQ:MARK) Announces Earnings Results, Beats Expectations By $0.09 EPS
Remark Media, Inc. (NASDAQ:MARK) posted its quarterly earnings data on Thursday. The information services provider reported ($0.19) EPS for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.09, Bloomberg Earnings reports. The company had revenue of $17.26 million during the quarter, compared to analysts’ expectations of $17.92 million. Remark Media had a negative return on equity of 4,860.73% and a negative net margin of 48.58%.
Remark Media (NASDAQ:MARK) traded up 0.84% during mid-day trading on Friday, reaching $2.72. The company had a trading volume of 2,329 shares. Remark Media has a 52 week low of $1.93 and a 52 week high of $4.80. The firm’s market capitalization is $61.62 million. The stock’s 50-day moving average price is $2.85 and its 200 day moving average price is $2.95.
MARK has been the subject of a number of research reports. Zacks Investment Research cut Remark Media from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Roth Capital set a $8.00 price objective on Remark Media and gave the company a “buy” rating in a research report on Saturday, May 13th.
An institutional investor recently bought a new position in Remark Media stock. Cannell Peter B & Co. Inc. acquired a new position in Remark Media, Inc. (NASDAQ:MARK) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 229,627 shares of the information services provider’s stock, valued at approximately $643,000. Cannell Peter B & Co. Inc. owned 1.01% of Remark Media at the end of the most recent reporting period. Institutional investors and hedge funds own 13.61% of the company’s stock.
Remark Media Company Profile
Remark Holdings, Inc, formerly Remark Media, Inc, owns, operates and acquires digital media properties across multiple verticals. The Company operates through the travel and entertainment segment. The travel and entertainment segment includes the Vegas.com and its Roomlia mobile application. The Company is engaged in the sale of various travel and entertainment products, including air travel, show tickets and tours, which are booked through its travel and entertainment segment, consisting of Vegas.com and its related Websites, including LasVegas.com, mobile applications and retail locations.
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