Marchex, Inc. (NASDAQ:MCHX – Get Rating)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.96 and traded as high as $2.27. Marchex shares last traded at $2.22, with a volume of 19,870 shares trading hands.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of Marchex in a research report on Wednesday. They set a "hold" rating for the company.
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Marchex Stock Performance
The stock has a 50-day moving average price of $1.74 and a 200-day moving average price of $1.96. The stock has a market cap of $93.94 million, a P/E ratio of -55.50 and a beta of 2.19.
Institutional Investors Weigh In On Marchex
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MCHX. Edenbrook Capital LLC lifted its holdings in Marchex by 6.0% in the fourth quarter. Edenbrook Capital LLC now owns 14,524,634 shares of the technology company's stock valued at $36,021,000 after acquiring an additional 821,126 shares during the period. B. Riley Financial Inc. lifted its holdings in Marchex by 24.2% in the fourth quarter. B. Riley Financial Inc. now owns 2,971,911 shares of the technology company's stock valued at $7,370,000 after acquiring an additional 579,732 shares during the period. First Eagle Investment Management LLC lifted its holdings in Marchex by 256.5% in the fourth quarter. First Eagle Investment Management LLC now owns 205,801 shares of the technology company's stock valued at $510,000 after acquiring an additional 148,078 shares during the period. Finally, State Street Corp lifted its holdings in Marchex by 7.8% in the first quarter. State Street Corp now owns 136,696 shares of the technology company's stock valued at $313,000 after acquiring an additional 9,881 shares during the period. 72.41% of the stock is owned by hedge funds and other institutional investors.
About Marchex
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Marchex, Inc operates as an analytics and solutions company that helps businesses connect, drive, measure, and convert callers into customers in the United States and Canada. Its products include Marchex Call Analytics, an analytics platform for enterprises, which depend on inbound phone calls to drive sales, appointments, and reservations; Marchex Call Analytics, Conversation Edition that enable actionable insights for enterprise, mid-sized, and small businesses; Text Analytics and Communications, a solution for intelligent mobile messaging, which enables sales, marketing, and operations teams in businesses to engage in two-way communications with field staff, prospects, and customers through text/SMS messages; Call Monitoring for call recording; and Marchex Marketing Edge, an analytics solution for marketers in enterprise, mid-sized and small businesses that depend on inbound phone calls to drive sales, appointments and reservations.
Further Reading
- Get a free copy of the StockNews.com research report on Marchex (MCHX)
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