Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Marathon Patent Group (MARA) Stock Price
News stories about Marathon Patent Group (NASDAQ:MARA) have trended somewhat positive on Wednesday, according to Accern Sentiment. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Marathon Patent Group earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 46.8323725780946 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Marathon Patent Group (NASDAQ:MARA) traded up 2.5000% during midday trading on Wednesday, hitting $0.2788. 96,452 shares of the company were exchanged. The company has a 50-day moving average price of $0.31 and a 200-day moving average price of $0.79. The stock’s market capitalization is $6.48 million. Marathon Patent Group has a 52-week low of $0.13 and a 52-week high of $3.44.
Marathon Patent Group (NASDAQ:MARA) last posted its quarterly earnings results on Monday, May 15th. The business services provider reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.02. The company had revenue of $0.08 million during the quarter, compared to analysts’ expectations of $0.10 million. Marathon Patent Group had a negative return on equity of 1,139.06% and a negative net margin of 81.91%. On average, analysts forecast that Marathon Patent Group will post $0.11 EPS for the current year.
Separately, Zacks Investment Research lowered shares of Marathon Patent Group from a “buy” rating to a “hold” rating in a report on Friday, April 28th.
WARNING: This report was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this report on another domain, it was illegally copied and reposted in violation of US & international trademark & copyright legislation. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/08/09/somewhat-favorable-press-coverage-somewhat-unlikely-to-affect-marathon-patent-group-mara-stock-price.html.
In other Marathon Patent Group news, major shareholder Jeff Feinberg sold 419,482 shares of Marathon Patent Group stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $0.37, for a total value of $155,208.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 19.80% of the stock is owned by insiders.
Marathon Patent Group Company Profile
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.
Receive News & Ratings for Marathon Patent Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marathon Patent Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.