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

Marchex, Inc. (NASDAQ:MCHX)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 trading hands.

Analysts Set New Price Targets

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

Marchex Trading Up 0.7 %

The firm has a market capitalization of $67.24 million, a PE ratio of -10.27 and a beta of 1.97. 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 fifty day moving average of $1.42 and a 200 day moving average of $1.38.

Marchex (NASDAQ:MCHX) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.03). Marchex had a negative return on equity of 15.17% and a negative net margin of 13.97%. The company had revenue of $11.57 million for the quarter, compared to the consensus estimate of $11.95 million. Equities research analysts expect that Marchex, Inc. will post -0.11 EPS for the current year.

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.