Marchex (NASDAQ:MCHX) Shares Pass Above 200-Day Moving Average of $1.38

Shares of Marchex, Inc. (NASDAQ:MCHX) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.38 and traded as high as $1.55. Marchex shares last traded at $1.50, with a volume of 4,428 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Marchex in a research note on Thursday. They set a “hold” rating on the stock.

Marchex Price Performance

The stock’s 50 day moving average is $1.42 and its two-hundred day moving average is $1.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.49 and a quick ratio of 2.49. The stock has a market capitalization of $67.24 million, a PE ratio of -10.27 and a beta of 1.97.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $11.57 million during the quarter, compared to the consensus estimate of $11.95 million. Marchex had a negative return on equity of 15.17% and a negative net margin of 13.97%. As a group, sell-side analysts forecast that Marchex, Inc. will post -0.11 earnings per share for the current fiscal year.

About Marchex

Marchex, Inc, a conversation intelligence company, provides conversational analytics and related solutions in the United States, Canada, and internationally. Its products include Marketing Edge that identifies which campaigns and channels are driving inbound conversations, evaluates what happens during those conversations, and closes the sales loop by connecting converted sales to marketing driven leads; Sonar Business Text Messaging, an artificial intelligence (AI) empowered intelligent workflow enabled mobile messaging solution that enables operations, sales, and marketing teams to communicate personally with field staff, prospects, and customers; Marchex Platform Services, a robust API-based conversation intelligence product that allows executives, sales, customer engagement, and marketing teams to apply Marchex AI to most any calls, regardless of communication platform, in order to identify actionable insights from conversations with their customers; Spotlight, an AI conversation analytics product for multi-location businesses; and Engage, a solution that provides locations with applications to enhance their overall performance.