Marathon Patent Group (NASDAQ:MARA) Shares Cross Below Fifty Day Moving Average of $2.25

Marathon Patent Group Inc (NASDAQ:MARA)’s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $2.25 and traded as low as $1.73. Marathon Patent Group shares last traded at $1.77, with a volume of 1,540 shares.

Separately, ValuEngine raised Marathon Patent Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.09. The stock has a 50 day simple moving average of $2.24 and a 200-day simple moving average of $1.92.

About Marathon Patent Group (NASDAQ:MARA)

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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