Remark Media, Inc. (MARK) Stock Price Down 3.7%
Remark Media, Inc. (NASDAQ:MARK)’s share price traded down 3.7% on Thursday . The stock traded as low as $3.68 and last traded at $3.63. 121,483 shares changed hands during mid-day trading, an increase of 54% from the average session volume of 78,636 shares. The stock had previously closed at $3.77.
Several equities analysts recently weighed in on the stock. Roth Capital set a $8.00 price objective on shares of Remark Media and gave the company a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Remark Media from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, ValuEngine upgraded shares of Remark Media from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st.
The firm has a 50 day moving average of $2.90 and a 200-day moving average of $2.90. The stock’s market cap is $83.14 million.
Remark Media (NASDAQ:MARK) last posted its earnings results on Thursday, August 10th. The information services provider reported ($0.19) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.09. Remark Media had a negative net margin of 45.02% and a negative return on equity of 4,860.73%. The firm had revenue of $17.26 million for the quarter, compared to analyst estimates of $17.92 million. Equities research analysts anticipate that Remark Media, Inc. will post ($0.71) EPS for the current year.
A hedge fund recently bought a new stake in Remark Media stock. Cannell Peter B & Co. Inc. acquired a new stake in Remark Media, Inc. (NASDAQ:MARK) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 229,627 shares of the information services provider’s stock, valued at approximately $643,000. Cannell Peter B & Co. Inc. owned about 1.01% of Remark Media as of its most recent filing with the SEC. 14.74% of the stock is owned by institutional investors.
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Remark Media Company Profile
Remark Holdings, Inc, formerly Remark Media, Inc, owns, operates and acquires digital media properties across multiple verticals. The Company operates through the travel and entertainment segment. The travel and entertainment segment includes the Vegas.com and its Roomlia mobile application. The Company is engaged in the sale of various travel and entertainment products, including air travel, show tickets and tours, which are booked through its travel and entertainment segment, consisting of Vegas.com and its related Websites, including LasVegas.com, mobile applications and retail locations.
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