Marchex (NASDAQ:MCHX) Shares Pass Above 200-Day Moving Average - Time to Sell?

Marchex, Inc. (NASDAQ:MCHX - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.63 and traded as high as $1.90. Marchex shares last traded at $1.76, with a volume of 16,975 shares traded.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Marchex in a research report on Saturday. They set a "hold" rating on the stock.

Marchex Trading Down 4.3 %

The stock has a market cap of $76.88 million, a PE ratio of -19.55 and a beta of 1.96. The company has a quick ratio of 2.37, a current ratio of 2.37 and a debt-to-equity ratio of 0.01. The stock's fifty day moving average price is $1.82 and its 200 day moving average price is $1.63.

Marchex (NASDAQ:MCHX - Get Free Report) last issued its earnings results on Thursday, August 8th. The technology company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). Marchex had a negative return on equity of 10.69% and a negative net margin of 8.60%. The business had revenue of $12.07 million for the quarter, compared to the consensus estimate of $12.14 million. During the same period last year, the business posted ($0.05) EPS. On average, sell-side analysts forecast that Marchex, Inc. will post -0.08 EPS for the current year.

Hedge Funds Weigh In On Marchex

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp increased its stake in shares of Marchex, Inc. (NASDAQ:MCHX - Free Report) by 14.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 400,000 shares of the technology company's stock after purchasing an additional 51,000 shares during the period. Marchex makes up 1.5% of P.A.W. Capital Corp's investment portfolio, making the stock its 13th largest holding. P.A.W. Capital Corp owned 0.92% of Marchex worth $616,000 as of its most recent filing with the Securities & Exchange Commission. 73.46% of the stock is owned by hedge funds and other 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.