Remark (NASDAQ:MARK) Posts Quarterly Earnings Results

Remark (NASDAQ:MARK) announced its quarterly earnings results on Monday. The information services provider reported ($0.36) earnings per share for the quarter, reports. The company had revenue of $0.23 million for the quarter.

Remark Stock Up 5.0 %

NASDAQ:MARK opened at $0.15 on Thursday. Remark has a 12 month low of $0.14 and a 12 month high of $1.83. The company has a 50 day simple moving average of $0.26 and a two-hundred day simple moving average of $0.42.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Remark in a research report on Tuesday. They set a “sell” rating for the company.

Institutional Investors Weigh In On Remark

A number of large investors have recently added to or reduced their stakes in MARK. UBS Group AG grew its position in Remark by 292.8% in the 1st 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. Bank of America Corp DE bought a new stake in Remark in the 1st quarter worth approximately $35,000. Cannell & Co. grew its position in Remark by 44.3% in the 4th quarter. Cannell & Co. now owns 97,745 shares of the information services provider’s stock worth $48,000 after purchasing an additional 30,000 shares during the period. Vanguard Group Inc. grew its position in Remark by 36.7% in the 3rd quarter. Vanguard Group Inc. now owns 489,154 shares of the information services provider’s stock worth $244,000 after purchasing an additional 131,348 shares during the period. Finally, State Street Corp grew its position in Remark by 33.4% in the 1st 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. Institutional investors own 8.50% of the company’s stock.

Remark Company Profile

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.