StockNews.com Begins Coverage on Marchex (NASDAQ:MCHX)

StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHX) in a research report released on Thursday. The brokerage issued a hold rating on the technology company’s stock.

Marchex Stock Performance

Shares of MCHX stock opened at $1.36 on Thursday. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.01. The stock has a 50 day simple moving average of $1.35 and a 200-day simple moving average of $1.37. The company has a market cap of $59.38 million, a price-to-earnings ratio of -5.91 and a beta of 1.95. Marchex has a 12-month low of $1.11 and a 12-month high of $2.20.

Marchex (NASDAQ:MCHX) last released its quarterly earnings data on Thursday, March 14th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.02. Marchex had a negative return on equity of 21.51% and a negative net margin of 19.85%. The firm had revenue of $12.40 million during the quarter, compared to analysts’ expectations of $12.76 million. On average, equities analysts forecast that Marchex will post -0.08 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.