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

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

Remark Price Performance

Shares of MARK opened at $0.11 on Friday. The business’s 50 day moving average price is $0.10 and its 200-day moving average price is $0.12. Remark has a 52 week low of $0.08 and a 52 week high of $1.49.

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

Hedge Funds Weigh In On Remark

An institutional investor recently raised its position in Remark stock. Cutter & CO Brokerage Inc. increased its position in Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,687,572 shares of the information services provider’s stock after acquiring an additional 2,275,675 shares during the period. Cutter & CO Brokerage Inc. owned about 11.00% of Remark worth $984,000 at the end of the most recent reporting period. 8.50% of the stock is owned by institutional investors and hedge funds.

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.