Remark (NASDAQ:MARK) Shares Down 6.5%

Remark Holdings Inc (NASDAQ:MARK)’s share price dropped 6.5% on Tuesday . The stock traded as low as $0.95 and last traded at $1.01, approximately 628,610 shares traded hands during trading. An increase of 115% from the average daily volume of 292,837 shares. The stock had previously closed at $1.08.

A number of brokerages have recently commented on MARK. ValuEngine raised Valmont Industries from a “sell” rating to a “hold” rating in a research report on Friday. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th.

The stock has a market cap of $44.30 million, a PE ratio of -0.80 and a beta of 1.96. The business’s fifty day simple moving average is $0.94.

Remark (NASDAQ:MARK) last issued its earnings results on Thursday, May 9th. The information services provider reported ($0.23) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.42) by $0.19. The firm had revenue of $19.46 million during the quarter, compared to analyst estimates of $18.90 million. On average, research analysts predict that Remark Holdings Inc will post -0.85 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Brighton Jones LLC acquired a new position in Remark in the first quarter valued at $27,000. GSA Capital Partners LLP acquired a new position in Remark in the fourth quarter valued at $26,000. Rhumbline Advisers boosted its holdings in Remark by 49.0% in the fourth quarter. Rhumbline Advisers now owns 31,660 shares of the information services provider’s stock valued at $38,000 after acquiring an additional 10,410 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Remark by 7.7% in 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. Hedge funds and other institutional investors own 18.04% of the company’s stock.

Remark Company Profile (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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