Marathon Patent Group Inc. (MARA) Trading 2% Higher
Marathon Patent Group Inc. (NASDAQ:MARA) shares traded up 2% during mid-day trading on Friday . The stock traded as high as $3.11 and last traded at $3.05, with a volume of 143,575 shares. The stock had previously closed at $2.99.
Separately, Roth Capital restated a “buy” rating on shares of Marathon Patent Group in a research report on Tuesday, March 29th. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $7.75.
The firm has a 50-day moving average of $2.70 and a 200-day moving average of $2.14. The stock’s market cap is $46.40 million.
Marathon Patent Group (NASDAQ:MARA) last issued its quarterly earnings data on Thursday, May 12th. The company reported ($0.16) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.08. The firm had revenue of $2.10 million for the quarter, compared to the consensus estimate of $2 million. On average, equities analysts anticipate that Marathon Patent Group Inc. will post ($0.19) earnings per share for the current year.
Marathon Patent Group Inc (MARA) is engaged in acquiring patents and patent rights from owners or other ventures. The Company monetizes its portfolio of patents and patent rights by entering into license discussions. The Company owns around 378 United States and foreign patents, and patent rights across a range of technologies and markets.
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