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

Marchex, Inc. (NASDAQ:MCHX) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.86 and traded as high as $2.06. Marchex shares last traded at $2.01, with a volume of 30,750 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Marchex in a research report on Thursday. They set a “hold” rating on the stock.

Marchex Stock Down 2.4 %

The firm has a market cap of $87.80 million, a PE ratio of -22.33 and a beta of 1.92. The stock’s fifty day simple moving average is $1.96 and its two-hundred day simple moving average is $1.86.

Institutional Investors Weigh In On Marchex

An institutional investor recently bought a new position in Marchex stock. AMH Equity Ltd bought a new position in Marchex, Inc. (NASDAQ:MCHX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 250,000 shares of the technology company’s stock, valued at approximately $438,000. AMH Equity Ltd owned approximately 0.57% of Marchex as of its most recent filing with the Securities and Exchange Commission (SEC). 73.46% of the stock is owned by institutional investors and hedge funds.

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.