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

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

Remark Price Performance

Remark stock opened at $0.12 on Thursday. The stock has a market capitalization of $6.18 million, a price-to-earnings ratio of -0.08 and a beta of 2.63. Remark has a 1-year low of $0.10 and a 1-year high of $1.49. The business has a fifty day moving average price of $0.14 and a 200-day moving average price of $0.29.

Remark (NASDAQ:MARK) last issued its earnings results on Monday, May 20th. The information services provider reported ($0.40) earnings per share (EPS) for the quarter. The company had revenue of $0.39 million during the quarter.

Hedge Funds Weigh In On Remark

An institutional investor recently raised its position in Remark stock. Cannell & Co. lifted its stake in shares of Remark Holdings, Inc. (NASDAQ:MARK) by 44.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,745 shares of the information services provider’s stock after purchasing an additional 30,000 shares during the period. Cannell & Co. owned 0.47% of Remark worth $48,000 as of its most recent SEC filing. 8.50% of the stock is currently owned by institutional investors.

Remark Company Profile

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.