Remark (NASDAQ:MARK) Trading Up 5.3%
Shares of Remark Holdings Inc (NASDAQ:MARK) were up 5.3% on Tuesday . The stock traded as high as $1.00 and last traded at $0.99, approximately 407,400 shares changed hands during trading. An increase of 26% from the average daily volume of 324,020 shares. The stock had previously closed at $0.94.
A number of equities research analysts recently issued reports on MARK shares. Roth Capital set a $5.00 price objective on shares of Remark and gave the company a “buy” rating in a report on Wednesday, September 4th. ValuEngine downgraded shares of Remark from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Zacks Investment Research upgraded shares of Remark from a “hold” rating to a “strong-buy” rating and set a $1.00 target price on the stock in a report on Thursday, August 8th.
The firm has a market cap of $39.57 million, a price-to-earnings ratio of -0.79 and a beta of 1.93. The stock’s fifty day moving average price is $0.80 and its 200-day moving average price is $1.25.
A number of large investors have recently bought and sold shares of the business. Cutter & CO Brokerage Inc. acquired a new position in shares of Remark in the 2nd quarter valued at $250,000. Geode Capital Management LLC grew its holdings in shares of Remark by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 255,763 shares of the information services provider’s stock worth $309,000 after purchasing an additional 18,223 shares during the period. Paloma Partners Management Co acquired a new stake in shares of Remark during the 2nd quarter worth about $112,000. Finally, Jane Street Group LLC acquired a new stake in shares of Remark during the 2nd quarter worth about $111,000. Institutional investors own 12.77% of the company’s stock.
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.
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