StockNews.com began coverage on shares of Marchex (NASDAQ:MCHX – Free Report) in a research note released on Tuesday morning. The brokerage issued a hold rating on the technology company’s stock.
Marchex Stock Down 2.7 %
Shares of NASDAQ:MCHX traded down $0.05 on Tuesday, reaching $1.82. The company had a trading volume of 28,063 shares, compared to its average volume of 52,832. Marchex has a twelve month low of $1.11 and a twelve month high of $1.97. The stock has a 50-day moving average price of $1.56 and a 200 day moving average price of $1.43. The stock has a market capitalization of $79.46 million, a P/E ratio of -12.13 and a beta of 1.99. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.01.
Marchex (NASDAQ:MCHX – Get Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.03) earnings per share for the quarter, hitting analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $11.95 million. On average, equities analysts expect that Marchex will post -0.11 EPS for the current year.
Hedge Funds Weigh In On Marchex
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.
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