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

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

Remark Price Performance

Shares of NASDAQ:MARK opened at $0.09 on Friday. The company has a market cap of $4.54 million, a PE ratio of -0.06 and a beta of 2.71. The company’s 50-day moving average price is $0.10 and its 200 day moving average price is $0.16. Remark has a fifty-two week low of $0.08 and a fifty-two week high of $1.49.

Remark (NASDAQ:MARK) last released its earnings results on Monday, August 19th. The information services provider reported ($0.12) EPS for the quarter. The business had revenue of $3.70 million for the quarter.

Hedge Funds Weigh In On Remark

A hedge fund recently raised its stake in Remark stock. Cutter & CO Brokerage Inc. lifted its holdings in Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,687,572 shares of the information services provider’s stock after purchasing an additional 2,275,675 shares during the period. Cutter & CO Brokerage Inc. owned about 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.