Marchex (NASDAQ:MCHX) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHX) in a research report report published on Wednesday morning. The brokerage issued a hold rating on the technology company’s stock.

Marchex Trading Up 1.9 %

NASDAQ:MCHX opened at $1.37 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.45 and a quick ratio of 2.45. Marchex has a fifty-two week low of $1.11 and a fifty-two week high of $2.20. The stock’s 50-day moving average is $1.34 and its two-hundred day moving average is $1.37. The stock has a market cap of $59.81 million, a PE ratio of -5.96 and a beta of 1.96.

Marchex (NASDAQ:MCHX) last released its earnings results on Thursday, March 14th. The technology company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.02. The company had revenue of $12.40 million for the quarter, compared to analysts’ expectations of $12.76 million. Marchex had a negative return on equity of 21.51% and a negative net margin of 19.85%. As a group, equities research analysts forecast that Marchex will post -0.08 earnings per share for the current fiscal year.

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.