Marathon Patent Group, Inc. (MARA) Shares Gap Down to $1.40

Marathon Patent Group, Inc. (NASDAQ:MARA)’s share price gapped down before the market opened on Monday . The stock had previously closed at $2.42, but opened at $1.40. Marathon Patent Group shares last traded at $1.56, with a volume of 466,329 shares.

The company has a 50-day moving average of $1.60 and a 200-day moving average of $1.44. The stock’s market capitalization is $37.36 million.

Marathon Patent Group (NASDAQ:MARA) last released its quarterly earnings data on Monday, August 14th. The business services provider reported ($0.36) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.56) by $0.20. 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 during the quarter, compared to analyst estimates of $0.50 million. Equities research analysts expect that Marathon Patent Group, Inc. will post $0.11 EPS 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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