Marchex (NASDAQ:MCHX) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Shares of Marchex, Inc. (NASDAQ:MCHX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.60 and traded as high as $1.82. Marchex shares last traded at $1.80, with a volume of 13,074 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Marchex in a research note on Friday, July 17th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Marchex Stock Performance

The business has a fifty day simple moving average of $1.63 and a 200 day simple moving average of $1.61. The stock has a market cap of $73.98 million, a price-to-earnings ratio of -15.18 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 for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $10.89 million. On average, equities research analysts anticipate that Marchex, Inc. will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MCHX. XTX Topco Ltd acquired a new stake in shares of Marchex during the 4th quarter worth about $26,000. Jane Street Group LLC acquired a new position in shares of Marchex in the first quarter valued at approximately $30,000. Manatuck Hill Partners LLC purchased a new position in shares of Marchex during the second quarter valued at approximately $88,000. Acuitas Investments LLC purchased a new position in shares of Marchex during the first quarter valued at approximately $207,000. Finally, Kanen Wealth Management LLC acquired a new stake in Marchex during the first quarter worth approximately $813,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.

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.