Remark (NASDAQ:MARK) Earns Sell Rating from Analysts at StockNews.com

Analysts at StockNews.com began coverage on shares of Remark (NASDAQ:MARK) in a research report issued to clients and investors on Thursday. The brokerage set a “sell” rating on the information services provider’s stock.

Remark Stock Performance

Shares of MARK opened at $0.13 on Thursday. The business has a 50-day moving average of $0.22 and a 200 day moving average of $0.40. Remark has a fifty-two week low of $0.11 and a fifty-two week high of $1.83. The firm has a market cap of $5.33 million, a P/E ratio of -0.07 and a beta of 2.53.

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

Institutional Trading of Remark

A hedge fund recently raised its stake in Remark stock. Cannell & Co. grew its holdings in shares of Remark Holdings, Inc. (NASDAQ:MARK) by 44.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 quarter. 8.50% of the stock is currently owned by hedge funds and other institutional investors.

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.