Remark (NASDAQ:MARK) Trading Down 3.1%

Remark Holdings Inc (NASDAQ:MARK)’s share price was down 3.1% on Tuesday . The stock traded as low as $1.36 and last traded at $1.40, approximately 5,266,429 shares were traded during mid-day trading. A decline of 59% from the average daily volume of 12,692,036 shares. The stock had previously closed at $1.44.

Several analysts have weighed in on MARK shares. Roth Capital reissued a “buy” rating and issued a $4.25 price target on shares of Remark in a research note on Wednesday, July 8th. Zacks Investment Research raised shares of Remark from a “hold” rating to a “buy” rating and set a $3.25 price target for the company in a research note on Saturday, May 30th. Finally, ValuEngine downgraded shares of Remark from a “buy” rating to a “hold” rating in a research note on Thursday, July 2nd.

The firm’s 50 day moving average price is $2.35 and its 200 day moving average price is $1.07.

Remark (NASDAQ:MARK) last issued its quarterly earnings data on Monday, July 6th. The information services provider reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.01. The firm had revenue of $0.43 million for the quarter. As a group, equities analysts predict that Remark Holdings Inc will post -0.19 EPS for the current fiscal year.

Several large investors have recently modified their holdings of MARK. Cutter & CO Brokerage Inc. raised its stake in shares of Remark by 109.6% during the first quarter. Cutter & CO Brokerage Inc. now owns 1,087,500 shares of the information services provider’s stock valued at $424,000 after acquiring an additional 568,725 shares during the last quarter. Cannell Peter B & Co. Inc. raised its stake in shares of Remark by 38.0% during the first quarter. Cannell Peter B & Co. Inc. now owns 435,610 shares of the information services provider’s stock valued at $171,000 after acquiring an additional 120,000 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Remark by 12.9% during the fourth quarter. Renaissance Technologies LLC now owns 235,713 shares of the information services provider’s stock valued at $121,000 after acquiring an additional 26,900 shares during the last quarter. Finally, RDA Financial Network bought a new position in shares of Remark during the second quarter valued at about $60,000. 6.12% of the stock is owned by hedge funds and other institutional investors.

About Remark (NASDAQ:MARK)

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.

Further Reading: Equity Income

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