Marchex (NASDAQ:MCHX) Coverage Initiated by Analysts at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Marchex (NASDAQ:MCHX - Get Free Report) in a research note issued to investors on Wednesday. The brokerage set a "hold" rating on the technology company's stock.

Marchex Stock Performance

Shares of MCHX traded up $0.03 on Wednesday, reaching $1.37. 11,423 shares of the company's stock traded hands, compared to its average volume of 62,700. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.01. The stock has a market cap of $59.81 million, a PE ratio of -6.01 and a beta of 1.96. The stock's 50 day simple moving average is $1.34 and its two-hundred day simple moving average is $1.37. Marchex has a 52-week low of $1.11 and a 52-week high of $2.20.

Marchex (NASDAQ:MCHX - Get Free Report) last issued its quarterly earnings results on Thursday, March 14th. The technology company reported ($0.01) EPS for the quarter, beating analysts' consensus estimates of ($0.03) by $0.02. The company had revenue of $12.40 million during the quarter, compared to the consensus estimate of $12.76 million. Marchex had a negative return on equity of 21.51% and a negative net margin of 19.85%. On average, analysts forecast that Marchex will post -0.08 earnings per share for the current fiscal year.

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.