Remark Holdings Subject of New Sell Rating by StockNews.com

On Thursday, equity research analysts at StockNews.com began reporting on Remark Holdings (NASDAQ: MARK), initializing the coverage with a 'sell' rating for the company's stock. This rating comes as part of a broader analysis provided to investors seeking insights into the information services market.

Remark Stock Performance

The price of Remark shares was noted to have opened at $0.46. Throughout the past year, shares of Remark have seen lows of $0.39 and highs reaching $2.79. Current indicators reveal Remark's 50-day simple moving average standing at approximately $0.51, whereas the 200-day simple moving average has been calculated at around $0.64.

Remark released their earnings data most recently on November 20th, recording a per-share earnings figure of negative $0.39 for the quarter. The revenue for the same period came in at $0.18 million.

Institutional Investors Weigh In On Remark

Recent shifts in Remark Holdings' stock have been observed within the hedge fund community. Cutter & CO Brokerage Inc. notably increased its shareholding by 101.3% in the company's third quarter. In actual numbers, they now possess 1,269,647 shares valued at $633,000 after acquiring an additional 638,940 shares. The Vanguard Group Inc. also increased its share by 7.8% in the same quarter, owning 3,302,333 shares worth $878,000. Moreover, State Street Corp increased its stake by 33.4% in the first quarter with 344,880 shares valued at $282,000 after additional purchases. Bank of America Corp DE and Virtu Financial LLC have also taken new positions in the company's stock, laying a claim of approximately $35,000 and $25,000, respectively. Institutional investors overall hold 8.44% of the company's stock.

About Remark

Remark Holdings, Inc is mainly invested in developing and deploying artificial intelligence-based solutions applicable for businesses and software developers. Its portfolio includes a data and AI software platform that provides AI-driven computer vision products, computing devices, and software-as-a-service solutions, as well as the Smart Safety Platform, which employs computer vision to monitor and parse video feeds. Furthermore, the company offers its Remark AI Thermal kits and rPad products and services.

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