Marchex (NASDAQ:MCHX) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Marchex (NASDAQ:MCHXFree Report) in a research note released on Saturday. The brokerage issued a hold rating on the technology company’s stock.

Marchex Stock Up 3.1 %

NASDAQ:MCHX opened at $1.34 on Friday. The stock has a 50 day simple moving average of $1.35 and a 200 day simple moving average of $1.37. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.49 and a quick ratio of 2.45. Marchex has a 1-year low of $1.11 and a 1-year high of $2.20.

Marchex (NASDAQ:MCHXGet Free Report) last released its quarterly 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. The business had revenue of $12.40 million during the quarter, compared to analysts’ expectations of $12.76 million. Marchex had a negative return on equity of 15.17% and a negative net margin of 13.97%. As a group, research analysts expect that Marchex will post -0.08 earnings per share for the current fiscal year.

About Marchex

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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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