Marchex (NASDAQ:MCHX) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Marchex, Inc. (NASDAQ:MCHX) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.77 and traded as high as $1.96. Marchex shares last traded at $1.88, with a volume of 43,458 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on Marchex in a report on Saturday. They issued a “hold” rating on the stock.

Marchex Price Performance

The business has a 50 day simple moving average of $1.85 and a 200 day simple moving average of $1.78. The company has a market cap of $82.12 million, a price-to-earnings ratio of -20.89 and a beta of 1.91.

Institutional Investors Weigh In On Marchex

A hedge fund recently raised its stake in Marchex stock. P.A.W. Capital Corp lifted its stake in shares of Marchex, Inc. (NASDAQ:MCHX) by 14.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 400,000 shares of the technology company’s stock after purchasing an additional 51,000 shares during the period. Marchex makes up about 1.5% of P.A.W. Capital Corp’s investment portfolio, making the stock its 13th biggest position. P.A.W. Capital Corp owned approximately 0.92% of Marchex worth $616,000 as of its most recent filing with the Securities and Exchange Commission. 73.46% of the stock is owned by institutional investors and hedge funds.

Marchex Company Profile

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.