Phoenix New Media (NYSE:FENG) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Phoenix New Media (NYSE:FENG) in a report issued on Friday morning. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Stock Up 1.7 %

Shares of NYSE FENG opened at $3.06 on Friday. The stock has a market cap of $36.99 million, a P/E ratio of -3.78 and a beta of 0.75. The business’s fifty day simple moving average is $3.12 and its 200-day simple moving average is $2.60. Phoenix New Media has a 12-month low of $1.18 and a 12-month high of $4.15. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.02.

Phoenix New Media (NYSE:FENG) last announced its quarterly earnings data on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share (EPS) for the quarter. Phoenix New Media had a negative net margin of 6.60% and a negative return on equity of 3.95%. The company had revenue of $23.16 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.