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

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

Remark Price Performance

NASDAQ:MARK opened at $0.11 on Friday. The stock has a market capitalization of $5.52 million, a price-to-earnings ratio of -0.07 and a beta of 2.72. Remark has a 52 week low of $0.08 and a 52 week high of $1.49. The firm has a 50 day moving average of $0.10 and a 200 day moving average of $0.12.

Remark (NASDAQ:MARK) last issued its quarterly earnings results on Monday, August 19th. The information services provider reported ($0.12) earnings per share for the quarter. The firm 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. increased its holdings in Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% in the first quarter, according to its most recent filing with the Securities and 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 quarter. Cutter & CO Brokerage Inc. owned 11.00% of Remark worth $984,000 at the end of the most recent reporting period. 8.50% of the stock is currently owned by institutional investors.

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.