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

Marchex, Inc. (NASDAQ:MCHX)’s stock price crossed 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 $1.85. Marchex shares last traded at $1.81, with a volume of 12,563 shares.

Analyst Ratings Changes

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

Marchex Price Performance

The firm has a market cap of $81.59 million, a PE ratio of -15.33 and a beta of 1.90. The company’s 50 day moving average price is $1.74 and its 200 day moving average price is $1.63.

Marchex (NASDAQ:MCHX) last posted 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 business had revenue of $11.00 million during the quarter, compared to analyst estimates of $11.20 million.

Institutional Investors Weigh In On Marchex

Large investors have recently modified their holdings of the company. XTX Topco Ltd purchased a new position in shares of Marchex during the fourth quarter worth approximately $26,000. Jane Street Group LLC purchased a new position in Marchex during the 1st quarter worth $30,000. Manatuck Hill Partners LLC purchased a new position in Marchex during the 2nd quarter worth $88,000. Acuitas Investments LLC purchased a new stake in shares of Marchex in the first quarter valued at about $207,000. Finally, Kanen Wealth Management LLC acquired a new stake in shares of Marchex during the first quarter worth about $813,000. 73.46% of the stock is owned by institutional investors and hedge funds.

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.