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

StockNews.com assumed coverage on shares of Phoenix New Media (NYSE:FENG) in a research note released on Saturday. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Price Performance

Shares of NYSE FENG opened at $1.86 on Friday. The stock has a market cap of $22.56 million, a PE ratio of -1.55 and a beta of 0.72. Phoenix New Media has a fifty-two week low of $1.10 and a fifty-two week high of $4.14. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.72 and a current ratio of 2.81. The stock has a fifty day moving average of $1.74 and a 200-day moving average of $1.49.

Phoenix New Media (NYSE:FENG) last posted its earnings results on Tuesday, March 12th. The information services provider reported $0.09 EPS for the quarter. Phoenix New Media had a negative return on equity of 8.87% and a negative net margin of 15.11%. The business had revenue of $29.84 million during the quarter.

About Phoenix New Media

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.