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MARK

Remark Holdings

$0.87

0.002 (0.23%)

08:32
07/09/19
07/09
08:32
07/09/19
08:32

Remark Holdings enters into a partnership with Hanvon Technology

Remark Holdings announced that it has entered into a Smart Building Partnership agreement with Hanvon Technology, one of China's top software companies and a leader in the development of intelligent pattern recognition technologies and products. Hanvon will utilize KanKan's Facial Recognition Technology to provide access control for the entrance and exit management of its portfolio buildings. Currently, this partnership has already been deployed at over 1,000 access points, with plans to continue deployment to over 10,000 + building units by the end of 2019.

MARK Remark Holdings
$0.87

0.002 (0.23%)

11/15/18
ROTH
11/15/18
NO CHANGE
Target $7.5
ROTH
Buy
Remark Holdings price target lowered to $7.50 from $13.75 at Roth Capital
Roth Capital analyst Darren Aftahi lowered his price target for Remark Holdings to $7.50 from $13.75 after the company's Q3 results missed on weaker KanKan sales, while annual KanKan guidance was revised down to $6M-$10M. Remark Holdings also missed its debt payment, while paying an additional $1M fee to its lender, he adds. Aftahi reiterates a Buy rating on the shares.

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