Marchex (NASDAQ:MCHX) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Marchex, Inc. (NASDAQ:MCHX)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $1.82 and traded as high as $1.95. Marchex shares last traded at $1.92, with a volume of 3,922 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Marchex in a research note on Tuesday. They issued a “hold” rating on the stock.

Marchex Stock Down 1.0 %

The company’s fifty day moving average is $1.91 and its 200 day moving average is $1.82. The firm has a market cap of $83.87 million, a price-to-earnings ratio of -21.33 and a beta of 1.91.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Marchex stock. Geode Capital Management LLC boosted its position in Marchex, Inc. (NASDAQ:MCHX) by 9.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund 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 about 0.80% of Marchex worth $650,000 as of its most recent filing with the SEC. 73.46% of the stock is owned by institutional investors.

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.