Marchex (NASDAQ:MCHX) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Marchex (NASDAQ:MCHX) in a report released on Saturday. The firm set a “hold” rating on the technology company’s stock.

Marchex Stock Performance

Shares of NASDAQ MCHX opened at $1.34 on Friday. The stock has a market cap of $58.50 million, a price-to-earnings ratio of -8.93 and a beta of 1.95. The company has a current ratio of 2.49, a quick ratio of 2.45 and a debt-to-equity ratio of 0.01. Marchex has a 1-year low of $1.11 and a 1-year high of $2.20. The stock’s 50-day moving average is $1.35 and its 200 day moving average is $1.37.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings data on Thursday, March 14th. The technology company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.02. The company had revenue of $12.40 million for the quarter, compared to analysts’ expectations of $12.76 million. Marchex had a negative return on equity of 15.17% and a negative net margin of 13.97%. On average, sell-side analysts anticipate that Marchex will post -0.08 EPS for the current fiscal 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.