Phoenix New Media (NYSE:FENG) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Phoenix New Media (NYSE:FENG) in a research note issued on Wednesday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Down 2.2 %

Shares of FENG stock opened at $2.66 on Wednesday. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.02. Phoenix New Media has a 1 year low of $1.18 and a 1 year high of $4.15. The firm’s fifty day moving average price is $2.92 and its two-hundred day moving average price is $2.80. The firm has a market capitalization of $32.16 million, a P/E ratio of -5.22 and a beta of 0.78.

Phoenix New Media (NYSE:FENG) last issued its quarterly earnings results on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share (EPS) for the quarter. Phoenix New Media had a negative net margin of 6.60% and a negative return on equity of 3.95%. The business had revenue of $23.16 million during the quarter.

Phoenix New Media Company Profile

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates through two segments, Net Advertising Services and Paid Services. It offers content and services through PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.