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

StockNews.com initiated coverage on shares of Remark (NASDAQ:MARK – Free Report) in a report issued on Sunday. The brokerage issued a sell rating on the information services provider’s stock.

Remark Trading Up 2.6 %

Shares of Remark stock opened at $0.59 on Friday. Remark has a 52-week low of $0.39 and a 52-week high of $3.10. The company’s 50-day simple moving average is $0.50 and its 200-day simple moving average is $0.83.

Remark (NASDAQ:MARK – Get Free Report) last posted its quarterly earnings results on Monday, August 14th. The information services provider reported ($0.42) earnings per share for the quarter. The business had revenue of $3.17 million for the quarter.

Institutional Trading of Remark

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Several large investors have recently added to or reduced their stakes in the business. UBS Group AG raised its holdings in Remark by 292.8% during the 1st quarter. UBS Group AG now owns 29,460 shares of the information services provider’s stock worth $25,000 after buying an additional 21,960 shares during the period. Virtu Financial LLC acquired a new position in Remark during the second quarter worth about $25,000. Bank of America Corp DE acquired a new position in Remark during the first quarter worth about $35,000. Cutter & CO Brokerage Inc. increased its stake in shares of Remark by 11.6% in the second quarter. Cutter & CO Brokerage Inc. now owns 630,707 shares of the information services provider’s stock valued at $618,000 after buying an additional 65,460 shares during the period. Finally, Cannell & Co. bought a new stake in Remark in the first quarter valued at approximately $105,000. 8.44% of the stock is owned by institutional investors.

About Remark

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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.