Marchex (NASDAQ:MCHX) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Marchex, Inc. (NASDAQ:MCHX)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.82 and traded as high as $1.95. Marchex shares last traded at $1.92, with a volume of 3,922 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Marchex in a report on Tuesday. They set a “hold” rating on the stock.

Marchex Price Performance

The company has a fifty day moving average price of $1.91 and a two-hundred day moving average price of $1.83. The firm has a market cap of $85.61 million, a price-to-earnings ratio of -21.78 and a beta of 1.91.

Marchex (NASDAQ:MCHX) last posted its quarterly earnings data on Thursday, October 31st. The technology company reported ($0.02) earnings per share for the quarter. Marchex had a negative net margin of 8.60% and a negative return on equity of 10.76%. The business had revenue of $12.55 million for the quarter, compared to the consensus estimate of $12.60 million. During the same quarter last year, the business posted ($0.03) EPS. On average, research analysts expect that Marchex, Inc. will post -0.1 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Marchex

An institutional investor recently raised its position in Marchex stock. Geode Capital Management LLC increased its position in shares of Marchex, Inc. (NASDAQ:MCHX) by 9.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 347,386 shares of the technology company’s stock after acquiring an additional 29,042 shares during the quarter. Geode Capital Management LLC owned 0.80% of Marchex worth $650,000 as of its most recent SEC filing. 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.