StockNews.com initiated coverage on shares of Marchex (NASDAQ:MCHX – Free Report) in a report published on Sunday morning. The brokerage issued a hold rating on the technology company’s stock.
Marchex Stock Down 1.1 %
Marchex stock opened at $1.74 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.37 and a quick ratio of 2.37. The company’s 50-day moving average is $1.78 and its 200-day moving average is $1.54. The firm has a market capitalization of $75.97 million, a PE ratio of -11.60 and a beta of 1.97. Marchex has a fifty-two week low of $1.11 and a fifty-two week high of $2.16.
Marchex (NASDAQ:MCHX – Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). Marchex had a negative return on equity of 11.33% and a negative net margin of 10.03%. The firm had revenue of $12.07 million for the quarter, compared to the consensus estimate of $12.14 million. During the same quarter in the previous year, the business earned ($0.05) earnings per share. Sell-side analysts anticipate that Marchex will post -0.08 earnings per share for the current year.
Hedge Funds Weigh In On Marchex
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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