Marchex (NASDAQ:MCHX) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Marchex, Inc. (NASDAQ:MCHX - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.81 and traded as high as $2.06. Marchex shares last traded at $1.95, with a volume of 57,524 shares.

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on Marchex in a research note on Wednesday, May 21st. They issued a "hold" rating for the company.

Marchex Stock Performance

The company has a market capitalization of $91.80 million, a price-to-earnings ratio of -16.15 and a beta of 1.89. The firm's 50 day simple moving average is $1.89 and its 200-day simple moving average is $1.81.

Institutional Trading of Marchex

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of Marchex in the first quarter valued at approximately $30,000. Millennium Management LLC boosted its position in shares of Marchex by 55.5% during the 4th quarter. Millennium Management LLC now owns 21,287 shares of the technology company's stock valued at $37,000 after acquiring an additional 7,598 shares during the last quarter. Arcadia Wealth Management Inc. bought a new stake in Marchex in the fourth quarter worth $51,000. LPL Financial LLC purchased a new position in Marchex in the fourth quarter valued at about $55,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Marchex by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 359,641 shares of the technology company's stock worth $630,000 after purchasing an additional 12,255 shares during the period. Institutional investors own 73.46% of the company's stock.

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.