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

Research analysts at StockNews.com began coverage on shares of Remark (NASDAQ:MARK) in a report issued on Saturday. The brokerage set a “sell” rating on the information services provider’s stock.

Remark Trading Up 1.1 %

Shares of MARK opened at $0.09 on Friday. The stock has a 50 day moving average of $0.10 and a 200 day moving average of $0.16. Remark has a 12 month low of $0.08 and a 12 month high of $1.49. The company has a market capitalization of $4.54 million, a price-to-earnings ratio of -0.06 and a beta of 2.72.

Remark (NASDAQ:MARK) last released its earnings results on Monday, August 19th. The information services provider reported ($0.12) EPS for the quarter. The firm had revenue of $3.70 million during the quarter.

Institutional Investors Weigh In On Remark

An institutional investor recently raised its position in Remark stock. Cutter & CO Brokerage Inc. raised its position in shares of Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,687,572 shares of the information services provider’s stock after purchasing an additional 2,275,675 shares during the period. Cutter & CO Brokerage Inc. owned 11.00% of Remark worth $984,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 8.50% of the company’s stock.

About Remark

Remark Holdings, Inc provides AI-powered analytics, computer vision, and smart agent solutions. The company 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 rPads products and services.