Marchex (NASDAQ:MCHX) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Marchex, Inc. (NASDAQ:MCHX) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.60 and traded as high as $1.8053. Marchex shares last traded at $1.71, with a volume of 3,638 shares trading hands.

Analyst Upgrades and Downgrades

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

Marchex Price Performance

The company has a fifty day simple moving average of $1.61 and a two-hundred day simple moving average of $1.60. The company has a market capitalization of $76.64 million, a P/E ratio of -15.73 and a beta of 1.89.

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

Institutional Trading of Marchex

A number of institutional investors and hedge funds have recently modified their holdings of MCHX. Kanen Wealth Management LLC acquired a new position in Marchex in the 1st quarter valued at $813,000. Marathon Capital Management raised its holdings in Marchex by 13.9% in the 3rd quarter. Marathon Capital Management now owns 61,500 shares of the technology company’s stock worth $110,000 after acquiring an additional 7,500 shares during the period. Manatuck Hill Partners LLC acquired a new position in Marchex during the 2nd quarter worth $88,000. Jane Street Group LLC acquired a new position in Marchex during the 1st quarter worth $30,000. Finally, XTX Topco Ltd bought a new stake in Marchex during the fourth quarter valued at about $26,000. 73.46% of the stock is currently owned by institutional investors and hedge funds.

About Marchex

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.