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

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

Remark Stock Performance

Shares of NASDAQ:MARK opened at $0.46 on Thursday. Remark has a 52-week low of $0.38 and a 52-week high of $6.70. The company has a market capitalization of $48.84 million, a P/E ratio of 5.81 and a beta of 3.13. The company has a 50-day simple moving average of $0.44 and a 200 day simple moving average of $0.62.

Remark (NASDAQ:MARKGet Rating) last issued its earnings results on Monday, May 16th. The information services provider reported ($0.24) earnings per share (EPS) for the quarter. Remark had a net margin of 46.18% and a negative return on equity of 163.16%. The firm had revenue of $4.67 million during the quarter.

Institutional Investors Weigh In On Remark

Several hedge funds have recently bought and sold shares of MARK. UBS Group AG lifted its position in Remark by 292.8% during the first quarter. UBS Group AG now owns 29,460 shares of the information services provider’s stock worth $25,000 after acquiring an additional 21,960 shares during the last quarter. Bluefin Capital Management LLC acquired a new stake in Remark during the fourth quarter worth approximately $30,000. Caerus Investment Advisors LLC acquired a new stake in Remark during the fourth quarter worth approximately $32,000. Bank of America Corp DE acquired a new stake in Remark during the first quarter worth approximately $35,000. Finally, State Street Corp lifted its position in Remark by 33.4% during the first quarter. State Street Corp now owns 344,880 shares of the information services provider’s stock worth $282,000 after acquiring an additional 86,348 shares during the last quarter. 21.22% of the stock is currently owned by institutional investors and hedge funds.

About Remark

(Get Rating)

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 under the Remark AI name in the United States and the KanKan AI name in the Asia Pacific region that offers AI-based computer vision products, computing devices, and software-as-a-service solutions for the retail, urban life cycle, workplace and food safety, railway safety, and biosafety industries.

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