Marchex (NASDAQ:MCHX) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Marchex, Inc. (NASDAQ:MCHX) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.77 and traded as high as $1.96. Marchex shares last traded at $1.88, with a volume of 43,458 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Marchex in a research report on Saturday. They issued a “hold” rating for the company.

Marchex Stock Down 3.6 %

The business’s fifty day moving average is $1.85 and its 200 day moving average is $1.78. The stock has a market cap of $82.12 million, a PE ratio of -20.89 and a beta of 1.91.

Institutional Investors Weigh In On Marchex

An institutional investor recently raised its position in Marchex stock. P.A.W. Capital Corp raised its position in Marchex, Inc. (NASDAQ:MCHX) by 14.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 400,000 shares of the technology company’s stock after purchasing an additional 51,000 shares during the period. Marchex comprises approximately 1.5% of P.A.W. Capital Corp’s portfolio, making the stock its 13th biggest holding. P.A.W. Capital Corp owned 0.92% of Marchex worth $616,000 at the end of the most recent quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

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.