Marchex (NASDAQ:MCHX) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Marchex, Inc. (NASDAQ:MCHX) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.62 and traded as high as $1.74. Marchex shares last traded at $1.68, with a volume of 102,540 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Marchex in a research note on Friday. They issued a “hold” rating on the stock.

Marchex Stock Performance

The firm has a market cap of $72.95 million, a price-to-earnings ratio of -15.18 and a beta of 1.97. The firm’s 50 day moving average is $1.86 and its 200-day moving average is $1.62. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.37 and a current ratio of 2.37.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). Marchex had a negative return on equity of 11.33% and a negative net margin of 10.03%. The company had revenue of $12.07 million during the quarter, compared to analysts’ expectations of $12.14 million. During the same quarter in the previous year, the firm earned ($0.05) earnings per share. Sell-side analysts anticipate that Marchex, Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp grew its holdings in Marchex, Inc. (NASDAQ:MCHX) by 14.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 400,000 shares of the technology company’s stock after acquiring an additional 51,000 shares during the quarter. Marchex accounts for 1.5% of P.A.W. Capital Corp’s portfolio, making the stock its 13th largest holding. P.A.W. Capital Corp owned approximately 0.92% of Marchex worth $616,000 as of its most recent SEC filing. Institutional investors and hedge funds own 73.46% of the company’s stock.

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.