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

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

Remark Stock Performance

NASDAQ MARK opened at $0.14 on Wednesday. Remark has a one year low of $0.12 and a one year high of $1.83. The firm’s fifty day moving average is $0.23 and its two-hundred day moving average is $0.41.

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 business had revenue of $0.23 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Remark stock. Cutter & CO Brokerage Inc. lifted its position in shares of Remark Holdings, Inc. (NASDAQ:MARK) by 101.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,269,647 shares of the information services provider’s stock after acquiring an additional 638,940 shares during the quarter. Cutter & CO Brokerage Inc. owned 6.44% of Remark worth $633,000 at the end of the most recent quarter. 8.50% of the stock is currently owned by 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.