1 day Ago By ABMN Staff
Stock analysts at StockNews.com started coverage on shares of Marchex ( NASDAQ:MCHX – Get Free Report ) in a research note issued on Monday. The brokerage set a “hold” rating on the technology company’s stock.
Marchex Trading Down 0.6 % Marchex stock opened at $1.67 on Monday.
Marchex has a 1-year low of $1.11 and a 1-year high of $2.16.
The company has a fifty day simple moving average of $1.79 and a 200 day simple moving average of $1.67.
The company has a market cap of $72.95 million, a P/E ratio of -18.55 and a beta of 1.
96. Institutional Trading of Marchex An institutional investor recently raised its position in Marchex stock. P.
A.W. Capital Corp increased its position in shares of Marchex, Inc.
( NASDAQ:MCHX – Free Report ) by 14.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 400,000 shares of the technology company’s stock after buying an additional 51,000 shares during the period.
Marchex accounts for approximately 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 at the end of the most recent reporting period. 73.46% of the stock is currently owned by hedge funds and other institutional investors.
About Marchex 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. See Also Receive News & Ratings for Marchex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marchex and related companies with MarketBeat.
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