Separately, Zacks Investment Research cut shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday.
Shares of MARK stock traded up $0.21 on Friday, reaching $1.05. The company had a trading volume of 947,000 shares, compared to its average volume of 279,924. The firm has a market capitalization of $35.70 million, a PE ratio of -0.83 and a beta of 1.95. Remark has a one year low of $0.81 and a one year high of $4.63. The firm has a 50-day simple moving average of $0.94.
Remark (NASDAQ:MARK) last posted its earnings results on Thursday, May 9th. The information services provider reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.42) by $0.19. The company had revenue of $19.46 million during the quarter, compared to the consensus estimate of $18.90 million. Equities research analysts anticipate that Remark will post -0.85 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of MARK. GSA Capital Partners LLP bought a new position in Remark in the 4th quarter valued at approximately $26,000. Geode Capital Management LLC raised its holdings in Remark by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 255,763 shares of the information services provider’s stock valued at $309,000 after buying an additional 18,223 shares during the last quarter. Brighton Jones LLC bought a new position in Remark in the 1st quarter valued at approximately $27,000. Finally, Rhumbline Advisers raised its holdings in Remark by 49.0% in the 4th quarter. Rhumbline Advisers now owns 31,660 shares of the information services provider’s stock valued at $38,000 after buying an additional 10,410 shares during the last quarter. Institutional investors and hedge funds own 18.04% of the company’s stock.
Remark Company Profile
Remark Holdings, Inc, technology-focused company, develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries worldwide. It operates through two segments, Travel & Entertainment, and Technology & Data Intelligence. The company operates KanKan, a data intelligence platform that offers AI-based vision products, computing devices, and software-as-a-service products for the financial, retail, entertainment, education, and workplace and public safety industries.
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