Remark (NASDAQ:MARK) Now Covered by Analysts at StockNews.com

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

Remark Price Performance

Shares of MARK stock remained flat at $0.12 during trading on Thursday. 170,130 shares of the stock were exchanged, compared to its average volume of 333,715. Remark has a twelve month low of $0.11 and a twelve month high of $1.83. The firm’s 50 day moving average is $0.22 and its two-hundred day moving average is $0.39.

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 firm had revenue of $0.23 million for the quarter.

Hedge Funds Weigh In On Remark

An institutional investor recently raised its position in Remark stock. Cutter & CO Brokerage Inc. grew its position in Remark Holdings, Inc. (NASDAQ:MARK) by 94.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 quarter. 8.50% of the stock is owned by institutional investors and hedge funds.

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.