Analysts at StockNews.com initiated coverage on shares of Remark (NASDAQ:MARK – Get Free Report) in a research note issued to investors on Wednesday. The brokerage set a “sell” rating on the information services provider’s stock.
Remark Price Performance
Shares of MARK opened at $0.37 on Wednesday. Remark has a 1-year low of $0.14 and a 1-year high of $1.83. The firm has a 50 day simple moving average of $0.45 and a 200-day simple moving average of $0.50.
Institutional Trading of Remark
Large investors have recently made changes to their positions in the stock. Cutter & CO Brokerage Inc. lifted its holdings in Remark by 90.0% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 2,411,897 shares of the information services provider’s stock valued at $1,206,000 after purchasing an additional 1,142,250 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Remark by 7.8% in the third quarter. Vanguard Group Inc. now owns 3,302,333 shares of the information services provider’s stock valued at $878,000 after buying an additional 238,328 shares during the last quarter. State Street Corp lifted its stake in shares of Remark by 33.4% during the first quarter. State Street Corp now owns 344,880 shares of the information services provider’s stock valued at $282,000 after buying an additional 86,348 shares during the period. Bank of America Corp DE acquired a new stake in Remark during the first quarter worth approximately $35,000. Finally, Cannell & Co. raised its holdings in Remark by 44.3% in the 4th quarter. Cannell & Co. now owns 97,745 shares of the information services provider’s stock valued at $48,000 after acquiring an additional 30,000 shares during the last quarter. Institutional investors and hedge funds own 8.44% of the company’s stock.
Remark Company Profile
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.
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