Phoenix New Media (NYSE:FENG) Research Coverage Started at StockNews.com

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

Phoenix New Media Trading Down 2.0%

Shares of FENG stock opened at $2.01 on Friday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.02. Phoenix New Media has a twelve month low of $1.28 and a twelve month high of $4.15. The company has a market capitalization of $24.14 million, a P/E ratio of -4.10 and a beta of 0.42. The business’s 50 day moving average is $2.02 and its two-hundred day moving average is $2.33.

Phoenix New Media (NYSE:FENG) last posted its quarterly earnings results on Tuesday, March 11th. The information services provider reported ($0.04) earnings per share for the quarter. The business had revenue of $29.88 million during the quarter. Phoenix New Media had a negative net margin of 6.12% and a negative return on equity of 3.76%.

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.