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

The stock’s market cap is $45.50 million. The stock has a 50 day moving average of $2.89 and a 200-day moving average of $2.33.

Marathon Patent Group (NASDAQ:MARA) last announced its 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 firm had revenue of $2.10 million for the quarter, compared to analyst estimates 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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