Marchex (NASDAQ:MCHX) Stock Crosses Above Two Hundred Day Moving Average of $1.37

Marchex, Inc. (NASDAQ:MCHX)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.37 and traded as high as $1.38. Marchex shares last traded at $1.33, with a volume of 16,749 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Marchex in a research report on Friday. They set a “hold” rating on the stock.

Marchex Stock Performance

The stock has a market cap of $58.06 million, a price-to-earnings ratio of -5.78 and a beta of 1.95. The company’s fifty day simple moving average is $1.36 and its two-hundred day simple moving average is $1.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.45 and a quick ratio of 2.45.

Marchex (NASDAQ:MCHX) last released its quarterly earnings results on Thursday, March 14th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $12.40 million during the quarter, compared to the consensus estimate of $12.76 million. On average, analysts forecast that Marchex, Inc. will post -0.08 earnings per share for the current year.

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.