Remark (NASDAQ:MARK) Sees Unusually-High Trading Volume

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Shares of Remark Holdings Inc (NASDAQ:MARK) saw unusually-strong trading volume on Monday . Approximately 1,873,385 shares changed hands during mid-day trading, an increase of 526% from the previous session’s volume of 299,485 shares.The stock last traded at $0.66 and had previously closed at $0.65.

Several equities research analysts recently weighed in on MARK shares. ValuEngine cut shares of Remark from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Zacks Investment Research upgraded shares of Remark from a “hold” rating to a “strong-buy” rating and set a $1.00 target price for the company in a research note on Thursday, August 8th.

The stock has a market cap of $27.92 million, a P/E ratio of -0.50 and a beta of 1.91. The business’s 50 day simple moving average is $0.85 and its 200 day simple moving average is $1.37.

Remark (NASDAQ:MARK) last announced its quarterly earnings results on Thursday, August 8th. The information services provider reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.11. The business had revenue of $2.87 million for the quarter, compared to the consensus estimate of $3.49 million. On average, research analysts predict that Remark Holdings Inc will post -0.5 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in MARK. Brighton Jones LLC bought a new position in Remark during the first quarter worth about $27,000. Jane Street Group LLC bought a new position in Remark during the second quarter worth about $111,000. Paloma Partners Management Co bought a new position in Remark during the second quarter worth about $112,000. Cutter & CO Brokerage Inc. bought a new position in Remark during the second quarter worth about $250,000. Finally, Geode Capital Management LLC lifted its stake in Remark by 7.7% during the fourth 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. Hedge funds and other institutional investors own 13.61% 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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