Remark (NASDAQ:MARK) Stock Rating Upgraded by ValuEngine

Remark (NASDAQ:MARK) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Thursday, ValuEngine reports.

Separately, Zacks Investment Research cut Remark from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th.

Shares of MARK stock traded down $0.03 on Thursday, hitting $0.85. The company had a trading volume of 281,824 shares, compared to its average volume of 328,478. The stock has a market cap of $38.79 million, a price-to-earnings ratio of -0.68 and a beta of 1.91. The company’s 50-day moving average price is $0.91. Remark has a twelve month low of $0.81 and a twelve month high of $4.57.

Remark (NASDAQ:MARK) last issued its quarterly earnings results on Thursday, May 9th. The information services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.42) by $0.19. The company had revenue of $19.46 million during the quarter, compared to analyst estimates of $18.90 million. Analysts expect that Remark will post -0.85 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of MARK. Brighton Jones LLC bought a new stake in shares of Remark during the 1st quarter valued at about $27,000. Geode Capital Management LLC boosted its holdings in Remark by 7.7% in the fourth quarter. Geode Capital Management LLC now owns 255,763 shares of the information services provider’s stock worth $309,000 after acquiring an additional 18,223 shares in the last quarter. Finally, Cutter & CO Brokerage Inc. bought a new position in Remark in the second quarter worth approximately $250,000. 18.04% of the stock is owned by institutional investors.

Remark Company Profile

Remark Holdings, Inc, technology-focused company, develops and deploys artificial intelligence (AI) products and AI-based solutions for businesses in various industries worldwide. It operates through two segments, Travel & Entertainment, and Technology & Data Intelligence. The company operates 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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