Marathon Patent Group, Inc. (MARA) Shares Gap Down to $0.43
Marathon Patent Group, Inc. (NASDAQ:MARA) gapped down before the market opened on Monday . The stock had previously closed at $0.40, but opened at $0.43. Marathon Patent Group shares last traded at $0.43, with a volume of 655,114 shares traded.
The company’s market cap is $10.92 million. The company has a 50 day moving average of $0.37 and a 200 day moving average of $0.43.
Marathon Patent Group (NASDAQ:MARA) last released its quarterly earnings results on Monday, August 14th. The business services provider reported ($0.09) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.05. The company had revenue of $0.37 million for the quarter, compared to analysts’ expectations of $0.50 million. Marathon Patent Group had a negative return on equity of 1,139.06% and a negative net margin of 5,770.02%. Equities research analysts predict that Marathon Patent Group, Inc. will post $0.11 earnings per share for the current fiscal year.
About Marathon Patent Group
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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