Marchex (NASDAQ:MCHX) Stock Passes Above 200 Day Moving Average - Here's What Happened

Marchex, Inc. (NASDAQ:MCHX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.86 and traded as high as $2.06. Marchex shares last traded at $2.01, with a volume of 30,750 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Marchex in a research note on Thursday. They set a "hold" rating on the stock.

Marchex Trading Up 0.5 %

The stock has a market cap of $84.74 million, a P/E ratio of -21.55 and a beta of 1.92. The company has a 50-day moving average price of $1.97 and a two-hundred day moving average price of $1.87.

Hedge Funds Weigh In On Marchex

A hedge fund recently bought a new stake in Marchex stock. AMH Equity Ltd purchased a new position in Marchex, Inc. (NASDAQ:MCHX - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 250,000 shares of the technology company's stock, valued at approximately $438,000. AMH Equity Ltd owned 0.57% of Marchex as of its most recent filing with the Securities and Exchange Commission (SEC). 73.46% of the stock is currently owned by institutional investors.

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.