Remark (NASDAQ:MARK – Get Rating) was upgraded by research analysts at StockNews.com to a “sell” rating in a note issued to investors on Tuesday.
Remark Stock Down 2.6 %
MARK stock opened at $1.14 on Tuesday. The stock has a market cap of $12.13 million, a price-to-earnings ratio of -0.14 and a beta of 2.84. Remark has a 52-week low of $0.87 and a 52-week high of $7.00. The business has a fifty day moving average of $1.40 and a two-hundred day moving average of $0.86.
Institutional Trading of Remark
Several institutional investors have recently added to or reduced their stakes in MARK. Cutter & CO Brokerage Inc. raised its position in Remark by 25.7% in the 3rd quarter. Cutter & CO Brokerage Inc. now owns 2,959,832 shares of the information services provider’s stock valued at $799,000 after purchasing an additional 604,350 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Remark by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 3,302,333 shares of the information services provider’s stock worth $878,000 after acquiring an additional 238,328 shares during the period. State Street Corp boosted its position in shares of Remark by 33.4% during the 1st quarter. State Street Corp now owns 344,880 shares of the information services provider’s stock worth $282,000 after purchasing an additional 86,348 shares in the last quarter. Bank of America Corp DE purchased a new stake in Remark during the first quarter worth $35,000. Finally, UBS Group AG raised 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. Institutional investors and hedge funds own 9.80% of the company’s stock.
About Remark
Remark Holdings, Inc is a technology-focused company that develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries. It operates through its Technology and Data Intelligence segment, which provides products and services based on collected and processed data by using KanKan, a data intelligence platform that offers AI-based vision products, computing devices, and software-as-a-service products for the financial, retail, entertainment, education, and workplace and public safety industries.
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