Marchex (NASDAQ:MCHX) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Marchex, Inc. (NASDAQ:MCHX) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.63 and traded as high as $1.78. Marchex shares last traded at $1.74, with a volume of 17,312 shares changing hands.

Analyst Ratings Changes

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 issued a Sell rating to the stock. Based on data from MarketBeat, Marchex presently has an average rating of “Reduce”.

Marchex Trading Down 1.1%

The firm has a market capitalization of $77.15 million, a price-to-earnings ratio of -14.50 and a beta of 1.86. The company has a fifty day moving average price of $1.77 and a 200-day moving average price of $1.63.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings results on Wednesday, August 12th. The technology company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The company had revenue of $11.00 million during the quarter, compared to analyst estimates of $11.20 million. Marchex had a negative return on equity of 18.25% and a negative net margin of 12.44%.

Hedge Funds Weigh In On Marchex

A number of institutional investors have recently modified their holdings of MCHX. Kanen Wealth Management LLC acquired a new stake in shares of Marchex in the first quarter worth $813,000. Jane Street Group LLC acquired a new position in Marchex in the 1st quarter valued at $30,000. Manatuck Hill Partners LLC bought a new position in Marchex in the 2nd quarter worth $88,000. XTX Topco Ltd acquired a new position in Marchex during the 4th quarter worth $26,000. Finally, Acuitas Investments LLC bought a new stake in Marchex during the first quarter valued at about $207,000. Institutional investors own 73.46% of the company’s stock.

Marchex Company Profile

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.