StockNews.com Initiates Coverage on Marchex (NASDAQ:MCHX)

Equities research analysts at StockNews.com began coverage on shares of Marchex (NASDAQ:MCHX) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the technology company’s stock.

Marchex Stock Performance

NASDAQ:MCHX remained flat at $1.36 during trading hours on Thursday. 6,033 shares of the company’s stock were exchanged, compared to its average volume of 31,773. The company’s 50-day moving average is $1.35 and its 200 day moving average is $1.37. Marchex has a 12 month low of $1.11 and a 12 month high of $2.20. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.01.

Marchex (NASDAQ:MCHX) last issued its earnings results on Thursday, March 14th. The technology company reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.02. Marchex had a negative return on equity of 21.51% and a negative net margin of 19.85%. The business had revenue of $12.40 million for the quarter, compared to analyst estimates of $12.76 million. Analysts expect that Marchex will post -0.08 EPS for the current year.

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.