Remark (NASDAQ:MARK) Now Covered by Analysts at StockNews.com

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

Remark Stock Up 6.5 %

Remark stock opened at $0.14 on Wednesday. Remark has a twelve month low of $0.12 and a twelve month high of $1.83. The firm has a 50 day moving average price of $0.23 and a 200-day moving average price of $0.40. The company has a market capitalization of $5.90 million, a P/E ratio of -0.08 and a beta of 2.53.

Remark (NASDAQ:MARK) last released its earnings results on Monday, April 15th. The information services provider reported ($0.36) earnings per share for the quarter. The firm had revenue of $0.23 million for the quarter.

Institutional Trading of Remark

An institutional investor recently raised its position in Remark stock. Cutter & CO Brokerage Inc. lifted its holdings in shares of Remark Holdings, Inc. (NASDAQ:MARK) by 101.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,269,647 shares of the information services provider’s stock after buying an additional 638,940 shares during the quarter. Cutter & CO Brokerage Inc. owned about 6.44% of Remark worth $633,000 at the end of the most recent quarter. 8.50% of the stock is currently owned by institutional investors.

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.