Marathon Patent Group Inc. (MARA) Stock Price Up 2%
Shares of Marathon Patent Group Inc. (NASDAQ:MARA) rose 2% during mid-day trading on Friday . The company traded as high as $3.11 and last traded at $3.05, with a volume of 143,575 shares trading hands. The stock had previously closed at $2.99.
Separately, Roth Capital reaffirmed a “buy” rating on shares of Marathon Patent Group in a research report on Tuesday, March 29th. Two analysts have rated the stock with a sell rating and four have given a buy rating to the company’s stock. Marathon Patent Group presently has a consensus rating of “Hold” and a consensus price target of $7.75.
The stock’s market cap is $46.40 million. The firm has a 50-day moving average price of $2.70 and a 200 day moving average price of $2.14.
Marathon Patent Group (NASDAQ:MARA) last issued its earnings results on Thursday, May 12th. The company reported ($0.16) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.08. The firm earned $2.10 million during the quarter, compared to the consensus estimate of $2 million. Equities research analysts expect that Marathon Patent Group Inc. will post ($0.19) EPS 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.