StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHX – Free Report) in a research note released on Friday. The firm issued a hold rating on the technology company’s stock.
Marchex Trading Down 0.6 %
Shares of MCHX stock opened at $1.67 on Friday. The business’s 50 day moving average is $1.86 and its two-hundred day moving average is $1.62. Marchex has a twelve month low of $1.11 and a twelve month high of $2.16. The company has a market capitalization of $72.91 million, a P/E ratio of -11.13 and a beta of 1.97. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 0.01.
Marchex (NASDAQ:MCHX – Get Free Report) last announced its earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share for the quarter, meeting the consensus estimate of ($0.02). Marchex had a negative return on equity of 11.33% and a negative net margin of 10.03%. The company had revenue of $12.07 million for the quarter, compared to the consensus estimate of $12.14 million. During the same period last year, the business posted ($0.05) EPS. Equities analysts forecast that Marchex will post -0.08 EPS for the current year.
Institutional Trading of Marchex
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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