Marathon Patent Group (MARA) Releases Quarterly Earnings, Beats Estimates By $0.44 EPS
Marathon Patent Group (NASDAQ:MARA) posted its quarterly earnings results on Thursday. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.23) by $0.44, AnalystRatings.NET reports. The company had revenue of $3.80 million for the quarter, compared to the consensus estimate of $3.13 million.
On the ratings front, analysts at HC Wainwright initiated coverage on shares of Marathon Patent Group in a research note on Wednesday, July 30th. They set a “buy” rating and a $17.00 price target on the stock.
Shares of Marathon Patent Group (NASDAQ:MARA) remained flat at $11.83 during trading on Thursday. The stock had a trading volume of 22,144 shares. Marathon Patent Group has a 52-week low of $4.42 and a 52-week high of $12.82. The stock’s 50-day moving average is $11.5 and its 200-day moving average is $8.41. The company’s market cap is $67.7 million.
Marathon Patent Group Inc is an intellectual property (NASDAQ:MARA) company that serves patent owners ranging from individual inventors to Fortune 500 corporations.
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