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

Marchex, Inc. (NASDAQ:MCHX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.62 and traded as high as $1.74. Marchex shares last traded at $1.68, with a volume of 102,540 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Marchex in a report on Friday. They issued a "hold" rating on the stock.

Marchex Trading Down 0.6 %

The stock has a 50 day moving average of $1.86 and a two-hundred day moving average of $1.62. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.01.

Marchex (NASDAQ:MCHX - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.02). The business had revenue of $12.07 million for the quarter, compared to analysts' expectations of $12.14 million. Marchex had a negative net margin of 10.03% and a negative return on equity of 11.33%. During the same period in the prior year, the company posted ($0.05) EPS. On average, equities analysts anticipate that Marchex, Inc. will post -0.08 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp increased its position in Marchex, Inc. (NASDAQ:MCHX - Free Report) by 14.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 400,000 shares of the technology company's stock after acquiring an additional 51,000 shares during the period. Marchex makes up about 1.5% of P.A.W. Capital Corp's investment portfolio, making the stock its 13th biggest position. P.A.W. Capital Corp owned approximately 0.92% of Marchex worth $616,000 at the end of the most recent reporting period. 73.46% of the stock is owned by institutional investors and hedge funds.

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.