Initiates Coverage on Marchex (NASDAQ:MCHX)

Stock analysts at assumed coverage on shares of Marchex (NASDAQ:MCHXGet Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the technology company’s stock.

Marchex Price Performance

Shares of MCHX opened at $1.62 on Tuesday. The firm has a market capitalization of $70.73 million, a PE ratio of -10.80 and a beta of 1.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.49 and a quick ratio of 2.49. The company’s 50-day moving average is $1.37 and its 200-day moving average is $1.37. Marchex has a fifty-two week low of $1.11 and a fifty-two week high of $2.20.

Marchex (NASDAQ:MCHXGet Free Report) last released its quarterly earnings results on Tuesday, May 7th. The technology company reported ($0.03) earnings per share 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 for the quarter, compared to analysts’ expectations of $11.95 million. Equities analysts forecast that Marchex will post -0.11 EPS for the current year.

Marchex Company Profile

(Get Free Report)

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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