Marathon Patent Group (NASDAQ:MARA) Lifted to “Buy” at ValuEngine

ValuEngine upgraded shares of Marathon Patent Group (NASDAQ:MARA) from a hold rating to a buy rating in a report released on Thursday, ValuEngine reports.

Shares of NASDAQ MARA traded up $0.04 during trading on Thursday, reaching $2.10. The company had a trading volume of 94,351 shares, compared to its average volume of 144,907. Marathon Patent Group has a 12-month low of $1.32 and a 12-month high of $4.32. The business’s 50-day moving average is $2.40. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.08.

Marathon Patent Group (NASDAQ:MARA) last released its earnings results on Friday, May 10th. The business services provider reported ($0.16) EPS for the quarter. Marathon Patent Group had a negative return on equity of 239.43% and a negative net margin of 737.26%. The company had revenue of $0.23 million during the quarter.

About Marathon Patent Group

Marathon Patent Group, Inc is an IP licensing and commercialization company. It acquires and manages IP rights from a variety of sources, including large and small corporations, universities and other IP owners. Marathon Patent Group was founded on February 23, 2010 and is headquartered in Las Vegas, NV.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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