Marchex (NASDAQ:MCHX) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Marchex, Inc. (NASDAQ:MCHX)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Marchex in a research note on Saturday. They set a “hold” rating for the company.

Marchex Trading Down 3.6 %

The firm has a 50 day simple moving average of $1.85 and a two-hundred day simple moving average of $1.78. The company has a market capitalization of $82.12 million, a PE ratio of -20.89 and a beta of 1.91.

Institutional Trading of Marchex

A hedge fund recently raised its stake in Marchex stock. Geode Capital Management LLC increased its position in shares of Marchex, Inc. (NASDAQ:MCHX) by 9.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 347,386 shares of the technology company’s stock after purchasing an additional 29,042 shares during the period. Geode Capital Management LLC owned approximately 0.80% of Marchex worth $650,000 as of its most recent SEC filing. Institutional investors own 73.46% of the company’s stock.

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.