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

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

Remark Price Performance

Shares of NASDAQ MARK remained flat at $0.12 during midday trading on Thursday. 170,130 shares of the stock traded hands, compared to its average volume of 333,715. The company’s 50 day simple moving average is $0.22 and its two-hundred day simple moving average is $0.39. Remark has a one year low of $0.11 and a one year high of $1.83.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Remark stock. Cutter & CO Brokerage Inc. lifted its position in Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,687,572 shares of the information services provider’s stock after buying an additional 2,275,675 shares during the quarter. Cutter & CO Brokerage Inc. owned approximately 11.00% of Remark worth $984,000 at the end of the most recent quarter. 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.