Remark Holdings Inc (NASDAQ:MARK)’s share price traded up 10.5% on Wednesday . The company traded as high as $1.44 and last traded at $1.37. 656,304 shares changed hands during trading, an increase of 128% from the average session volume of 287,939 shares. The stock had previously closed at $1.24.
Separately, Zacks Investment Research lowered Remark from a “hold” rating to a “strong sell” rating in a research note on Friday, April 5th.
The company has a market capitalization of $52.47 million, a price-to-earnings ratio of -1.09 and a beta of 2.23.
Remark (NASDAQ:MARK) last released its quarterly earnings data on Monday, April 1st. The information services provider reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.22). The business had revenue of $22.32 million during the quarter, compared to the consensus estimate of $26.64 million. On average, equities analysts expect that Remark Holdings Inc will post -1.58 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its stake in Remark by 3.4% during the third quarter. Vanguard Group Inc now owns 1,018,460 shares of the information services provider’s stock worth $3,248,000 after buying an additional 33,882 shares during the last quarter. Vanguard Group Inc. boosted its stake in Remark by 3.4% during the third quarter. Vanguard Group Inc. now owns 1,018,460 shares of the information services provider’s stock worth $3,248,000 after buying an additional 33,882 shares during the last quarter. BlackRock Inc. boosted its stake in Remark by 4.1% during the third quarter. BlackRock Inc. now owns 1,464,519 shares of the information services provider’s stock worth $4,672,000 after buying an additional 58,220 shares during the last quarter. Brighton Jones LLC acquired a new position in Remark during the first quarter worth $27,000. Finally, Rhumbline Advisers boosted its stake in Remark by 49.0% during the fourth 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 during the last quarter. 19.14% of the stock is currently owned by institutional investors.
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Remark Company Profile (NASDAQ:MARK)
Remark Holdings, Inc, a technology company, focuses on the development and deployment of artificial intelligence-based solutions for businesses in various industries worldwide. The company operates KanKan, a social media data intelligence platform. It also owns and operates various digital media properties that deliver content in various verticals, such as travel and entertainment, young adult lifestyle, and personal finance.
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