StockNews.com Begins Coverage on Remark (NASDAQ:MARK)

StockNews.com initiated coverage on shares of Remark (NASDAQ:MARK) in a research report sent to investors on Monday. The firm issued a sell rating on the information services provider’s stock.

Remark Stock Up 7.0 %

Remark stock opened at $0.11 on Monday. The business has a 50 day moving average price of $0.10 and a two-hundred day moving average price of $0.14. Remark has a 12 month low of $0.08 and a 12 month high of $1.49. The stock has a market cap of $5.85 million, a price-to-earnings ratio of -0.07 and a beta of 2.71.

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

Institutional Trading of Remark

An institutional investor recently raised its position in Remark stock. Cutter & CO Brokerage Inc. boosted its holdings in shares of Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & 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 about 11.00% of Remark worth $984,000 as of its most recent SEC filing. Hedge funds and other 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.