Remark (MARK) Downgraded by ValuEngine

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ValuEngine cut shares of Remark (NASDAQ:MARK) from a hold rating to a sell rating in a research note issued to investors on Thursday, ValuEngine reports.

Separately, Zacks Investment Research lowered shares of Remark from a buy rating to a hold rating in a report on Wednesday, March 27th.

Remark stock opened at $1.04 on Thursday. The company has a market cap of $44.73 million, a price-to-earnings ratio of -0.83 and a beta of 2.23. Remark has a 52-week low of $1.00 and a 52-week high of $6.19.

Remark (NASDAQ:MARK) last released its earnings results on Monday, April 1st. The information services provider reported ($0.31) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.22). The business had revenue of $22.32 million for the quarter, compared to the consensus estimate of $26.64 million. Equities analysts predict that Remark will post -0.85 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new stake in Remark during the 1st quarter worth approximately $27,000. GSA Capital Partners LLP acquired a new stake in Remark during the 4th quarter worth approximately $26,000. Rhumbline Advisers lifted its holdings in Remark by 49.0% during the 4th quarter. Rhumbline Advisers now owns 31,660 shares of the information services provider’s stock worth $38,000 after buying an additional 10,410 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Remark by 41.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 71,794 shares of the information services provider’s stock valued at $133,000 after purchasing an additional 20,894 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Remark by 7.7% in the 4th quarter. Geode Capital Management LLC now owns 255,763 shares of the information services provider’s stock valued at $309,000 after purchasing an additional 18,223 shares in the last quarter. Institutional investors own 18.04% of the company’s stock.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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