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

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

Remark Stock Up 2.3 %

Remark stock opened at $0.12 on Thursday. The firm has a fifty day simple moving average of $0.22 and a two-hundred day simple moving average of $0.39. Remark has a twelve month low of $0.11 and a twelve month high of $1.83. The company has a market capitalization of $5.50 million, a PE ratio of -0.07 and a beta of 2.66.

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

Institutional Investors Weigh In On Remark

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