Remark (NASDAQ:MARK) Releases Earnings Results

Remark (NASDAQ:MARK) released its earnings results on Monday. The information services provider reported ($0.36) EPS for the quarter, reports. The firm had revenue of $0.23 million for the quarter.

Remark Stock Down 10.8 %

Shares of NASDAQ MARK opened at $0.14 on Wednesday. Remark has a 12-month low of $0.14 and a 12-month high of $1.83. The company has a 50-day moving average of $0.27 and a 200 day moving average of $0.42.

Institutional Investors Weigh In On Remark

A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position 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 valued at $878,000 after buying an additional 238,328 shares during the last quarter. Cutter & CO Brokerage Inc. grew its position in shares of Remark by 90.0% in the 4th quarter. Cutter & CO Brokerage Inc. now owns 2,411,897 shares of the information services provider’s stock valued at $1,206,000 after buying an additional 1,142,250 shares during the last quarter. State Street Corp grew its position in shares of Remark by 33.4% in the 1st quarter. State Street Corp now owns 344,880 shares of the information services provider’s stock valued at $282,000 after buying an additional 86,348 shares during the last quarter. Cannell & Co. grew its position in shares of Remark by 44.3% in the 4th quarter. Cannell & Co. now owns 97,745 shares of the information services provider’s stock valued at $48,000 after buying an additional 30,000 shares during the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Remark in the 1st quarter valued at $35,000. 8.50% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Remark in a research note on Tuesday. They set a “sell” rating for the company.

Remark Company Profile

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.