Remark (NASDAQ:MARK) Downgraded by ValuEngine

ValuEngine cut shares of Remark (NASDAQ:MARK) from a buy rating to a hold rating in a research note published on Wednesday morning, ValuEngine reports.

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

Shares of Remark stock traded down $0.09 on Wednesday, hitting $0.74. The company had a trading volume of 482,181 shares, compared to its average volume of 376,695. The firm has a market capitalization of $36.09 million, a PE ratio of -0.59 and a beta of 1.91. Remark has a 1 year low of $0.72 and a 1 year high of $4.57. The stock’s 50 day simple moving average is $0.89.

Remark (NASDAQ:MARK) last issued its quarterly earnings data on Thursday, August 8th. The information services provider reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.11. The company had revenue of $2.87 million during the quarter, compared to analysts’ expectations of $3.49 million. As a group, analysts predict that Remark will post -0.77 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC purchased a new stake in shares of Remark during the first quarter valued at approximately $27,000. Geode Capital Management LLC increased its position in shares of Remark by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 255,763 shares of the information services provider’s stock valued at $309,000 after acquiring an additional 18,223 shares during the last quarter. Finally, Cutter & CO Brokerage Inc. purchased a new stake in shares of Remark during the second quarter valued at approximately $250,000. 18.03% of the stock is owned by institutional investors.

About Remark

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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