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

StockNews.com began coverage on shares of Remark (NASDAQ:MARK) in a research report released on Tuesday. The firm issued a sell rating on the information services provider’s stock.

Remark Price Performance

MARK opened at $0.14 on Tuesday. The firm has a market capitalization of $6.79 million, a PE ratio of -0.09 and a beta of 2.71. The business’s 50-day moving average is $0.10 and its two-hundred day moving average is $0.13. Remark has a 1 year low of $0.08 and a 1 year high of $1.49.

Remark (NASDAQ:MARK) last posted 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 for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Remark stock. Cutter & CO Brokerage Inc. grew its holdings in 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 SEC. The institutional investor owned 4,687,572 shares of the information services provider’s stock after acquiring an additional 2,275,675 shares during the quarter. Cutter & CO Brokerage Inc. owned 11.00% of Remark worth $984,000 at the end of the most recent reporting period. 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.