Marchex (NASDAQ:MCHX) Shares Cross Above 200 Day Moving Average of $1.46

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 $1.46 and traded as high as $2.10. Marchex shares last traded at $2.06, with a volume of 9,268 shares traded.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Marchex in a research report on Thursday. They issued a “hold” rating for the company.

Marchex Trading Down 5.3 %

The business’s fifty day moving average is $1.66 and its 200-day moving average is $1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.49 and a current ratio of 2.49. The firm has a market cap of $86.01 million, a P/E ratio of -13.13 and a beta of 1.99.

Marchex (NASDAQ:MCHX) last released its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). Marchex had a negative net margin of 13.97% and a negative return on equity of 15.17%. The firm had revenue of $12.07 million during the quarter, compared to the consensus estimate of $12.14 million. During the same quarter last year, the firm earned ($0.05) earnings per share. Analysts predict that Marchex, Inc. will post -0.11 EPS for the current year.

Institutional Investors Weigh In On Marchex

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp increased its stake in Marchex, Inc. (NASDAQ:MCHX) by 14.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 400,000 shares of the technology company’s stock after acquiring an additional 51,000 shares during the quarter. Marchex comprises 1.5% of P.A.W. Capital Corp’s holdings, making the stock its 13th largest holding. P.A.W. Capital Corp owned about 0.92% of Marchex worth $616,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 73.46% of the stock is currently owned by hedge funds and other institutional investors.

Marchex Company Profile

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.