Shares of Marchex, Inc. (NASDAQ:MCHX – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.37 and traded as high as $1.38. Marchex shares last traded at $1.33, with a volume of 16,749 shares.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on Marchex in a report on Friday. They issued a “hold” rating on the stock.
Marchex Stock Performance
Marchex (NASDAQ:MCHX – Get Free Report) last issued its earnings results on Thursday, March 14th. The technology company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. The business had revenue of $12.40 million for the quarter, compared to analysts’ expectations of $12.76 million. Marchex had a negative return on equity of 14.94% and a negative net margin of 13.97%. As a group, analysts expect that Marchex, Inc. will post -0.08 earnings per share for the current fiscal year.
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.
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