After reporting earnings last night Marchex (MCHX) is up just over 20% in trading today to a 52 week high of $7.30 a share.
Marchex has now more than doubled off its 52 week low of $3.06 a share.
At $7 a share the company has a Market Cap of $270 Million dollars.
At its lows of the year, Marchex was trading at or below the acquisition cost of Yun Yee’s Portfolio.
The company received an upgrade to outperform by RBC this morning helping the stock.
Marchex is looking to spin off its Domaining business, that is the buying, selling and development of some 200,000 Domain names it owns later this year.