Marchex Inc. Sets New 1-Year High at $8.10 (MCHX)
Marchex (NASDAQ:MCHX) set a new 52-week high during trading hours on Monday, Stock Ratings News reports. The company traded as high as $8.10 and last traded at $8.02, with a volume of 137,645 shares. The stock had previously closed at $7.74.
Several analysts have recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Marchex in a research note to investors on Friday, September 13th. They now have a $8.00 price target on the stock, down previously from $10.00.
Marchex has a 52 week low of $3.47 and a 52 week high of $7.99. The stock’s 50-day moving average is $7.18 and its 200-day moving average is $5.83. The company’s market cap is $283.4 million.
Marchex (NASDAQ:MCHX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The company had revenue of $39.00 million for the quarter, compared to the consensus estimate of $36.20 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis.
Marchex, Inc is a digital call advertising and small business solutions company. The Company offers products, services and technologies that enable advertisers to reach local consumers across online, mobile and offline sources.
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