StockNews.com started coverage on shares of Phoenix New Media (NYSE:FENG – Free Report) in a research note published on Sunday. The brokerage issued a hold rating on the information services provider’s stock.
Phoenix New Media Price Performance
Shares of NYSE:FENG opened at $3.27 on Friday. The stock has a market cap of $39.53 million, a PE ratio of -4.05 and a beta of 0.76. The company’s fifty day moving average is $3.12 and its 200 day moving average is $2.31. Phoenix New Media has a 52 week low of $1.10 and a 52 week high of $4.15. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02.
Phoenix New Media (NYSE:FENG – Get Free Report) last issued its earnings results on Tuesday, August 13th. The information services provider reported ($0.06) EPS for the quarter. The business had revenue of $23.16 million during the quarter. Phoenix New Media had a negative return on equity of 6.12% and a negative net margin of 10.17%.
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.
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