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

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

Remark Stock Down 6.2 %

MARK stock opened at $0.15 on Tuesday. The company has a market capitalization of $6.38 million, a P/E ratio of -0.08 and a beta of 2.53. The company has a 50-day simple moving average of $0.25 and a 200 day simple moving average of $0.42. Remark has a fifty-two week low of $0.14 and a fifty-two week high of $1.83.

Remark (NASDAQ:MARK) last posted its quarterly earnings data on Monday, April 15th. The information services provider reported ($0.36) earnings per share for the quarter. The company had revenue of $0.23 million for the quarter.

Institutional Investors Weigh In On Remark

Several institutional investors have recently bought and sold shares of the stock. Cannell & Co. lifted its holdings in Remark by 44.3% in the fourth quarter. Cannell & Co. now owns 97,745 shares of the information services provider’s stock worth $48,000 after purchasing an additional 30,000 shares during the period. Cutter & CO Brokerage Inc. lifted its holdings in Remark by 90.0% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 2,411,897 shares of the information services provider’s stock valued at $1,206,000 after acquiring an additional 1,142,250 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Remark by 36.7% in the 3rd quarter. Vanguard Group Inc. now owns 489,154 shares of the information services provider’s stock valued at $244,000 after acquiring an additional 131,348 shares during the last quarter. Bank of America Corp DE acquired a new stake in Remark in the 1st quarter valued at about $35,000. Finally, State Street Corp lifted its holdings in Remark by 33.4% in the 1st quarter. State Street Corp now owns 344,880 shares of the information services provider’s stock valued at $282,000 after acquiring an additional 86,348 shares during the last quarter. 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.