Marchex (NASDAQ:MCHX) issued its quarterly earnings data on Monday. The technology company reported ($0.02) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.02), Morningstar.com reports. The business had revenue of $20.01 million during the quarter, compared to the consensus estimate of $19.71 million. Marchex had a negative return on equity of 3.44% and a negative net margin of 3.35%. Marchex updated its Q4 2018 guidance to EPS.
MCHX traded up $0.02 during trading on Wednesday, reaching $2.96. The stock had a trading volume of 112,669 shares, compared to its average volume of 85,473. The company has a market capitalization of $117.82 million, a price-to-earnings ratio of -21.14 and a beta of 0.98. Marchex has a 1-year low of $2.47 and a 1-year high of $3.67.
In other news, major shareholder Edenbrook Capital, Llc bought 350,000 shares of the business’s stock in a transaction on Tuesday, November 6th. The stock was purchased at an average cost of $2.97 per share, for a total transaction of $1,039,500.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders acquired 735,144 shares of company stock valued at $2,081,742 over the last 90 days. 22.49% of the stock is currently owned by insiders.
Marchex, Inc operates as a call analytics company. Its products include Marchex Call Analytics, an analytics technology platform that provides data and insights to measure the performance of mobile, online, and offline advertising for advertisers and small business resellers; and Marchex Speech Analytics delivers actionable operational and advertising insights of inbound calls from consumer's interactions.
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