Marchex Inc. (NASDAQ:MCHX) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $2.70 and last traded at $2.78, with a volume of 3,602,541 shares changing hands. The stock had previously closed at $3.39.

A number of research analysts recently issued reports on the stock. Roth Capital restated a “neutral” rating on shares of Marchex in a research report on Wednesday. Zacks Investment Research upgraded shares of Marchex from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Marchex currently has a consensus rating of “Hold” and a consensus price target of $5.55.

The stock has a market capitalization of $114.97 million and a price-to-earnings ratio of 6.24. The firm has a 50-day moving average price of $3.17 and a 200 day moving average price of $3.77.

Marchex (NASDAQ:MCHX) last posted its earnings results on Tuesday, August 9th. The company reported ($0.02) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.02). The company earned $34.40 million during the quarter, compared to analysts’ expectations of $34.97 million. During the same period last year, the business earned $0.02 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. Analysts expect that Marchex Inc. will post ($0.04) EPS for the current year.

A hedge fund recently raised its stake in Marchex stock. Morgan Stanley raised its stake in Marchex Inc. (NASDAQ:MCHX) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 340,598 shares of the company’s stock after buying an additional 1,590 shares during the period. Morgan Stanley owned 0.82% of Marchex worth $1,325,000 as of its most recent filing with the SEC.

Marchex, Inc is an advertising analytics company. The Company offers products and services for enterprises that depend on consumer phone calls to drive sales. The Company’s media analytics products connect call data to media channels, including search and display – down to the campaign, keyword and impression.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.