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

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

Remark Trading Up 2.3 %

Remark stock opened at $0.12 on Thursday. The company has a 50-day moving average price of $0.22 and a 200 day moving average price of $0.39. Remark has a 12-month low of $0.11 and a 12-month high of $1.83. The stock has a market cap of $5.50 million, a P/E ratio of -0.07 and a beta of 2.66.

Remark (NASDAQ:MARK) last announced its quarterly earnings results on Monday, April 15th. The information services provider reported ($0.36) earnings per share (EPS) for the quarter. The firm had revenue of $0.23 million for the quarter.

Hedge Funds Weigh In On Remark

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 101.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,269,647 shares of the information services provider’s stock after buying an additional 638,940 shares during the quarter. Cutter & CO Brokerage Inc. owned 6.44% of Remark worth $633,000 as of its most recent SEC filing. 8.50% of the stock is currently owned by institutional investors and hedge funds.

About Remark

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.