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

StockNews.com initiated coverage on shares of Remark (NASDAQ:MARK) in a research note published on Tuesday. The brokerage issued a sell rating on the information services provider’s stock.

Remark Stock Down 10.8 %

MARK opened at $0.14 on Tuesday. Remark has a 12 month low of $0.14 and a 12 month high of $1.83. The firm’s fifty day simple moving average is $0.27 and its 200 day simple moving average is $0.42.

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

Institutional Investors Weigh In On Remark

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG lifted its position in Remark by 292.8% during the 1st quarter. UBS Group AG now owns 29,460 shares of the information services provider’s stock worth $25,000 after buying an additional 21,960 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Remark during the 1st quarter worth about $35,000. Cannell & Co. increased its stake in shares of Remark by 44.3% during the 4th quarter. Cannell & Co. now owns 97,745 shares of the information services provider’s stock worth $48,000 after purchasing an additional 30,000 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Remark by 36.7% during the 3rd quarter. Vanguard Group Inc. now owns 489,154 shares of the information services provider’s stock worth $244,000 after purchasing an additional 131,348 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Remark by 33.4% during the 1st quarter. State Street Corp now owns 344,880 shares of the information services provider’s stock worth $282,000 after purchasing an additional 86,348 shares during the last quarter. 8.50% of the stock is owned by institutional investors.

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.