StockNews.com started coverage on shares of Phoenix New Media (NYSE:FENG – Free Report) in a report released on Wednesday morning. The brokerage issued a hold rating on the information services provider’s stock.
Phoenix New Media Stock Performance
FENG stock opened at $2.99 on Wednesday. The company has a market capitalization of $36.15 million, a P/E ratio of -3.69 and a beta of 0.75. The company has a 50-day simple moving average of $3.26 and a 200 day simple moving average of $2.50. Phoenix New Media has a fifty-two week low of $1.10 and a fifty-two week high of $4.15. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.02.
Phoenix New Media (NYSE:FENG – Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share 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.
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