Marathon Patent Group Inc. (MARA) Shares Down 2.6%
Marathon Patent Group Inc. (NASDAQ:MARA)’s share price fell 2.6% during mid-day trading on Tuesday . The stock traded as low as $2.92 and last traded at $3.00, with a volume of 60,069 shares changing hands. The stock had previously closed at $3.08.
Separately, Roth Capital reiterated a “buy” rating on shares of Marathon Patent Group in a report on Tuesday, March 29th. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company. Marathon Patent Group has a consensus rating of “Hold” and an average target price of $7.75.
The firm’s 50 day moving average is $2.76 and its 200 day moving average is $2.21. The stock’s market capitalization is $44.90 million.
Marathon Patent Group (NASDAQ:MARA) last issued its quarterly earnings results on Thursday, May 12th. The company reported ($0.16) EPS for the quarter, beating the 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, analysts forecast that Marathon Patent Group Inc. will post ($0.19) EPS for the current fiscal 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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