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

Marchex, Inc. (NASDAQ:MCHX)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.62 and traded as high as $1.81. Marchex shares last traded at $1.77, with a volume of 8,646 shares traded.

Analyst Ratings Changes

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

Marchex Stock Up 0.6%

The firm has a market cap of $79.30 million, a price-to-earnings ratio of -14.92 and a beta of 1.90. The firm has a fifty day moving average price of $1.71 and a 200-day moving average price of $1.62.

Marchex (NASDAQ:MCHX) last issued its quarterly earnings results on Wednesday, August 12th. The technology company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.03). Marchex had a negative return on equity of 18.25% and a negative net margin of 12.44%.The company had revenue of $11.00 million for the quarter, compared to analyst estimates of $11.20 million. Equities research analysts anticipate that Marchex, Inc. will post 0.01 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Marchex

Several large investors have recently added to or reduced their stakes in MCHX. Kanen Wealth Management LLC boosted its stake in Marchex by 4.1% in the first quarter. Kanen Wealth Management LLC now owns 1,300,388 shares of the technology company’s stock valued at $2,016,000 after acquiring an additional 50,989 shares during the period. Acuitas Investments LLC acquired a new stake in shares of Marchex during the 1st quarter worth approximately $207,000. XTX Topco Ltd acquired a new stake in shares of Marchex during the 4th quarter worth approximately $26,000. Manatuck Hill Partners LLC bought a new stake in shares of Marchex in the 2nd quarter worth approximately $88,000. Finally, Jane Street Group LLC bought a new stake in shares of Marchex in the 1st quarter worth approximately $30,000. 73.46% of the stock is currently owned by 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.