Marathon Patent Group, Inc. (MARA) Shares Gap Down to $0.43
Marathon Patent Group, Inc. (NASDAQ:MARA)’s share price gapped down prior to trading 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 changing hands.
The firm’s market cap is $12.38 million. The firm’s 50-day moving average price is $0.32 and its 200 day moving average price is $0.49.
Marathon Patent Group (NASDAQ:MARA) last issued its quarterly earnings data on Monday, August 14th. The business services provider reported ($0.09) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.14) by $0.05. The business had revenue of $0.37 million for the quarter, compared to the consensus estimate 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%. Analysts forecast that Marathon Patent Group, Inc. will post $0.11 earnings per share for the current fiscal year.
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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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