Marchex (NASDAQ:MCHX) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Marchex, Inc. (NASDAQ:MCHX) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.60 and traded as high as $1.6550. Marchex shares last traded at $1.61, with a volume of 13,239 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Marchex in a report on Tuesday, April 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce”.

Marchex Stock Performance

The stock has a 50-day simple moving average of $1.61 and a 200 day simple moving average of $1.60. The company has a market cap of $77.08 million, a P/E ratio of -15.82 and a beta of 1.89.

Marchex (NASDAQ:MCHX) last released its quarterly earnings data on Wednesday, May 13th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). The firm had revenue of $10.62 million for the quarter, compared to the consensus estimate of $10.89 million. Marchex had a negative net margin of 11.15% and a negative return on equity of 14.61%. Sell-side analysts anticipate that Marchex, Inc. will post 0.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Marchex

Institutional investors and hedge funds have recently bought and sold shares of the business. Kanen Wealth Management LLC acquired a new position in shares of Marchex in the 1st quarter valued at $813,000. Manatuck Hill Partners LLC acquired a new stake in shares of Marchex during the 2nd quarter valued at about $88,000. Jane Street Group LLC bought a new stake in Marchex in the first quarter valued at about $30,000. XTX Topco Ltd bought a new stake in Marchex in the fourth quarter valued at about $26,000. Finally, Acuitas Investments LLC acquired a new position in Marchex in the first quarter worth about $207,000. Institutional investors own 73.46% of the company’s stock.

Marchex Company Profile

Marchex, Inc (NASDAQ: MCHX) operates a call data and analytics platform designed to help businesses measure and optimize customer interactions. The company’s core services include call tracking, conversational analytics and performance marketing solutions that attribute phone calls to specific advertising campaigns. By capturing and analyzing voice interactions, Marchex enables advertisers, agencies and brands to gain actionable insights into caller intent, marketing ROI and customer behavior.

Through its suite of technologies, Marchex offers real-time call monitoring, keyword spotting and AI-driven transcription to surface trends and conversion signals from inbound calls.