StockNews.com Initiates Coverage on Phoenix New Media (NYSE:FENG)

StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a note issued to investors on Friday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Trading Down 3.0 %

Shares of FENG stock opened at $2.14 on Friday. Phoenix New Media has a 1 year low of $1.50 and a 1 year high of $4.15. The firm’s fifty day simple moving average is $2.39 and its 200 day simple moving average is $2.61. The firm has a market capitalization of $25.92 million, a P/E ratio of -4.38 and a beta of 0.72. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.02.

Phoenix New Media (NYSE:FENG) last posted its quarterly earnings results on Tuesday, March 11th. The information services provider reported ($0.04) earnings per share for the quarter. Phoenix New Media had a negative return on equity of 3.76% and a negative net margin of 6.12%. The business had revenue of $29.88 million for 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.