StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG – Free Report) in a research note issued to investors on Monday. The firm issued a hold rating on the information services provider’s stock.
Phoenix New Media Stock Performance
Phoenix New Media stock opened at $2.09 on Monday. The company has a market cap of $25.30 million, a price-to-earnings ratio of -1.74 and a beta of 0.67. Phoenix New Media has a 12 month low of $1.10 and a 12 month high of $2.93. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.81 and a quick ratio of 2.81. The stock’s 50-day moving average is $1.88 and its 200-day moving average is $1.55.
Phoenix New Media (NYSE:FENG – Get Free Report) last posted its quarterly earnings results on Tuesday, March 12th. The information services provider reported $0.09 EPS for the quarter. Phoenix New Media had a negative net margin of 15.11% and a negative return on equity of 8.87%. The firm had revenue of $29.84 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.
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