Initiates Coverage on Marchex (NASDAQ:MCHX) initiated coverage on shares of Marchex (NASDAQ:MCHXFree Report) in a report released on Tuesday morning. The firm issued a hold rating on the technology company’s stock.

Marchex Stock Up 1.9 %

Shares of NASDAQ MCHX opened at $1.61 on Tuesday. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 0.01. Marchex has a 52 week low of $1.11 and a 52 week high of $2.20. The firm has a 50-day moving average price of $1.38 and a 200 day moving average price of $1.38. The stock has a market capitalization of $70.29 million, a price-to-earnings ratio of -10.73 and a beta of 1.97.

Marchex (NASDAQ:MCHXGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). Marchex had a negative net margin of 13.97% and a negative return on equity of 15.17%. The firm had revenue of $11.57 million during the quarter, compared to analysts’ expectations of $11.95 million. Equities research analysts anticipate that Marchex will post -0.11 EPS 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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