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

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

Remark Stock Down 6.7 %

Shares of MARK opened at $0.14 on Wednesday. The stock has a 50 day moving average price of $0.24 and a 200 day moving average price of $0.41. The company has a market capitalization of $6.12 million, a price-to-earnings ratio of -0.08 and a beta of 2.53. Remark has a 52-week low of $0.13 and a 52-week high of $1.83.

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 company had revenue of $0.23 million during the quarter.

Institutional Investors Weigh In On Remark

A hedge fund recently raised its stake in Remark stock. Cannell & Co. grew its position in Remark Holdings, Inc. (NASDAQ:MARK) by 44.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 97,745 shares of the information services provider’s stock after acquiring an additional 30,000 shares during the quarter. Cannell & Co. owned about 0.47% of Remark worth $48,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 8.50% of the company’s stock.

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.