Marathon Patent Group Inc. (NASDAQ:MARA) shares shot up 5.6% on Friday . The stock traded as high as $3.06 and last traded at $3.01, with a volume of 60,308 shares trading hands. The stock had previously closed at $2.85.

The firm’s 50-day moving average is $2.89 and its 200-day moving average is $2.33. The firm’s market cap is $45.50 million.

Marathon Patent Group (NASDAQ:MARA) last released its quarterly earnings results on Thursday, May 12th. The company reported ($0.16) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.08. The business had revenue of $2.10 million for the quarter, compared to analyst estimates of $2 million. On average, equities research analysts predict 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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