Marathon Patent Group Inc. (MARA) Trading Down 2%
Marathon Patent Group Inc. (NASDAQ:MARA) shares were down 2% during mid-day trading on Wednesday . The company traded as low as $2.99 and last traded at $3.01, with a volume of 70,079 shares changing hands. The stock had previously closed at $3.07.
Separately, Roth Capital reiterated a “buy” rating on shares of Marathon Patent Group in a report on Tuesday, March 29th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Marathon Patent Group has an average rating of “Hold” and a consensus target price of $7.75.
The firm has a 50-day moving average of $2.73 and a 200 day moving average of $2.17. The firm’s market cap is $45.05 million.
Marathon Patent Group (NASDAQ:MARA) last released its quarterly earnings results on Thursday, May 12th. The company reported ($0.16) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.24) by $0.08. The company had revenue of $2.10 million for the quarter, compared to analysts’ expectations of $2 million. Analysts predict 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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