Marchex (NASDAQ:MCHX) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Marchex, Inc. (NASDAQ:MCHX - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.81 and traded as high as $1.88. Marchex shares last traded at $1.81, with a volume of 8,014 shares traded.

Marchex Price Performance

The firm has a market capitalization of $79.80 million, a P/E ratio of -16.42 and a beta of 1.91. The firm has a 50-day moving average price of $1.96 and a two-hundred day moving average price of $1.81.

Institutional Trading of Marchex

Several institutional investors and hedge funds have recently made changes to their positions in MCHX. Jane Street Group LLC bought a new stake in shares of Marchex during the first quarter worth $30,000. Millennium Management LLC lifted its position in shares of Marchex by 55.5% during the fourth quarter. Millennium Management LLC now owns 21,287 shares of the technology company's stock worth $37,000 after purchasing an additional 7,598 shares during the last quarter. Manatuck Hill Partners LLC bought a new stake in shares of Marchex in the second quarter valued at about $88,000. Marathon Capital Management raised its holdings in shares of Marchex by 30.1% in the second quarter. Marathon Capital Management now owns 54,000 shares of the technology company's stock valued at $117,000 after acquiring an additional 12,500 shares in the last quarter. Finally, Acuitas Investments LLC bought a new stake in shares of Marchex in the second quarter valued at about $141,000. 73.46% of the stock is currently owned by institutional investors.

About Marchex

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.

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