Marathon Patent Group, Inc. (MARA) Stock Price Up 7%

Marathon Patent Group, Inc. (NASDAQ:MARA)’s share price rose 7% during trading on Tuesday . The stock traded as high as $0.42 and last traded at $0.41. Approximately 639,006 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 1,914,910 shares. The stock had previously closed at $0.39.

The firm’s market cap is $9.71 million. The company’s 50-day moving average is $0.39 and its 200 day moving average is $0.41.

Marathon Patent Group (NASDAQ:MARA) last posted its earnings results on Monday, August 14th. The business services provider reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.05. Marathon Patent Group had a negative return on equity of 1,139.06% and a negative net margin of 5,770.02%. The firm had revenue of $0.37 million for the quarter, compared to analysts’ expectations of $0.50 million. Analysts predict that Marathon Patent Group, Inc. will post $0.11 EPS for the current fiscal year.

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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.

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