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

StockNews.com started coverage on shares of Remark (NASDAQ:MARK) in a research report issued to clients and investors on Wednesday. The brokerage set a “sell” rating on the information services provider’s stock.

Remark Price Performance

Shares of NASDAQ MARK opened at $0.13 on Wednesday. The stock has a market capitalization of $5.54 million, a price-to-earnings ratio of -0.08 and a beta of 2.53. Remark has a 12 month low of $0.12 and a 12 month high of $1.83. The firm’s 50 day simple moving average is $0.23 and its 200-day simple moving average is $0.41.

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

Institutional Investors Weigh In On Remark

An institutional investor recently raised its position in Remark stock. Cutter & CO Brokerage Inc. increased its holdings in shares of Remark Holdings, Inc. (NASDAQ:MARK) by 90.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,411,897 shares of the information services provider’s stock after buying an additional 1,142,250 shares during the period. Cutter & CO Brokerage Inc. owned about 11.52% of Remark worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.