Remark (NASDAQ:MARK) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Remark (NASDAQ:MARK) in a research report issued to clients and investors on Tuesday. The brokerage set a “sell” rating on the information services provider’s stock.

Remark Price Performance

MARK stock opened at $0.15 on Tuesday. The stock has a market capitalization of $6.38 million, a price-to-earnings ratio of -0.08 and a beta of 2.53. The business’s fifty day moving average price is $0.26 and its two-hundred day moving average price is $0.42. Remark has a fifty-two week low of $0.14 and a fifty-two week high of $1.83.

Remark (NASDAQ:MARK) last posted its quarterly earnings data 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.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Cutter & CO Brokerage Inc. increased its position in shares of Remark by 101.3% in the third quarter. Cutter & CO Brokerage Inc. now owns 1,269,647 shares of the information services provider’s stock worth $633,000 after purchasing an additional 638,940 shares during the period. Vanguard Group Inc. increased its position in shares of Remark by 7.8% in the third quarter. Vanguard Group Inc. now owns 3,302,333 shares of the information services provider’s stock worth $878,000 after purchasing an additional 238,328 shares during the period. State Street Corp increased 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 worth $282,000 after purchasing an additional 86,348 shares during the period. Bank of America Corp DE bought a new position in shares of Remark in the first quarter worth $35,000. Finally, UBS Group AG increased its position in shares of Remark by 292.8% in the first quarter. UBS Group AG now owns 29,460 shares of the information services provider’s stock worth $25,000 after purchasing an additional 21,960 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.