Marchex (NASDAQ:MCHX) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Marchex, Inc. (NASDAQ:MCHX) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.60 and traded as high as $1.82. Marchex shares last traded at $1.80, with a volume of 13,074 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Marchex in a research note on Friday. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Marchex has an average rating of “Reduce”.

Marchex Price Performance

The company has a market cap of $79.74 million, a price-to-earnings ratio of -16.36 and a beta of 1.89. The firm has a 50 day simple moving average of $1.63 and a 200-day simple moving average of $1.60.

Marchex (NASDAQ:MCHX) last announced its quarterly earnings results on Wednesday, May 13th. The technology company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The business had revenue of $10.62 million during the quarter, compared to analyst estimates of $10.89 million. Marchex had a negative net margin of 11.15% and a negative return on equity of 14.61%. Research analysts anticipate that Marchex, Inc. will post 0.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. XTX Topco Ltd purchased a new position in Marchex during the fourth quarter worth about $26,000. Jane Street Group LLC acquired a new stake in shares of Marchex during the first quarter valued at about $30,000. Manatuck Hill Partners LLC purchased a new stake in shares of Marchex in the 2nd quarter valued at approximately $88,000. Acuitas Investments LLC purchased a new stake in shares of Marchex in the 1st quarter valued at approximately $207,000. Finally, Kanen Wealth Management LLC acquired a new position in shares of Marchex in the 1st quarter worth approximately $813,000. Institutional investors and hedge funds own 73.46% of the company’s stock.

About Marchex

Marchex, Inc (NASDAQ: MCHX) operates a call data and analytics platform designed to help businesses measure and optimize customer interactions. The company’s core services include call tracking, conversational analytics and performance marketing solutions that attribute phone calls to specific advertising campaigns. By capturing and analyzing voice interactions, Marchex enables advertisers, agencies and brands to gain actionable insights into caller intent, marketing ROI and customer behavior.

Through its suite of technologies, Marchex offers real-time call monitoring, keyword spotting and AI-driven transcription to surface trends and conversion signals from inbound calls.