Marchex, Inc. (NASDAQ:MCHX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.80 and traded as high as $2.27. Marchex shares last traded at $2.16, with a volume of 25,682 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen began coverage on shares of Marchex in a research report on Wednesday, May 21st. They set a "hold" rating on the stock.
Check Out Our Latest Report on Marchex
Marchex Trading Down 1.9%
The company has a market capitalization of $92.67 million, a PE ratio of -16.31 and a beta of 1.89. The business's 50-day simple moving average is $1.73 and its two-hundred day simple moving average is $1.80.
Institutional Investors Weigh In On Marchex
Several hedge funds and other institutional investors have recently bought and sold shares of MCHX. Kanen Wealth Management LLC acquired a new stake in shares of Marchex during the first quarter worth approximately $813,000. Edenbrook Capital LLC boosted its stake in Marchex by 0.7% during the 1st quarter. Edenbrook Capital LLC now owns 14,664,380 shares of the technology company's stock valued at $23,903,000 after acquiring an additional 102,475 shares during the last quarter. LPL Financial LLC bought a new position in Marchex during the 4th quarter valued at $55,000. Arcadia Wealth Management Inc. acquired a new position in Marchex during the 4th quarter worth $51,000. Finally, Jane Street Group LLC bought a new stake in shares of Marchex in the 1st quarter worth about $30,000. 73.46% of the stock is currently owned by hedge funds and other institutional investors.
About Marchex
(
Get Free Report)
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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