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

Equities researchers at StockNews.com began coverage on shares of Remark (NASDAQ:MARK) in a research report issued on Tuesday. The brokerage set a “sell” rating on the information services provider’s stock.

Remark Stock Performance

NASDAQ:MARK opened at $0.11 on Tuesday. The company has a market cap of $5.35 million, a PE ratio of -0.07 and a beta of 2.71. Remark has a 52-week low of $0.08 and a 52-week high of $1.49. The stock has a 50-day simple moving average of $0.10 and a 200 day simple moving average of $0.13.

Remark (NASDAQ:MARK) last posted its quarterly earnings data on Monday, August 19th. The information services provider reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $3.70 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Remark stock. Cutter & CO Brokerage Inc. boosted its stake in shares of Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% in the 1st quarter, according to its most recent Form 13F filing with the 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 11.00% of Remark worth $984,000 as of its most recent filing with the SEC. 8.50% of the stock is currently owned by institutional investors and hedge funds.

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.