Share of Marchex have been on a tear of late up over 50% in the last month and over 100% in the past year and have hit a new 52 week high today of $6.30
As of publications shares of Marchex are trading at $6.30 up over 6% on the day.
A month ago on April 29th, shares were trading at $4.08 a share meaning that shares of Marchex are over 50% higher than just one month ago.
The 52 week low for the stock is $2.99 meaning you could have doubled your money had you bought Marchex shares at the low or close to the low and sold it today.
Marchex reported earnings on May 2nd beating estimates for revenue and profits.
Marchex market cap is back over $220 million dollars.
Last time we covered the stock in June 2012 it was trading at less than the acquisition cost of Yun Ye’s portfolio with a market cap of just $106 million dollars.
Times have changed and for those that grabbed some shares of Marchex the last time we wrote about it, have seen a nice profit, certainly beating the return of Apple in the same time frame.
…
