Phoenix New Media (NYSE:FENG) Posts Earnings Results

Phoenix New Media (NYSE:FENG) announced its quarterly earnings results on Thursday. The information services provider reported ($0.06) earnings per share (EPS) for the quarter, Zacks reports. Phoenix New Media had a negative net margin of 8.58% and a negative return on equity of 5.65%. The company had revenue of $28.22 million for the quarter.

Phoenix New Media Stock Up 4.6%

Shares of Phoenix New Media stock traded up $0.10 during trading hours on Friday, reaching $2.16. The company’s stock had a trading volume of 14,812 shares, compared to its average volume of 13,289. The company has a market capitalization of $25.88 million, a P/E ratio of -2.99 and a beta of 0.44. The stock’s fifty day simple moving average is $2.49 and its two-hundred day simple moving average is $2.31. Phoenix New Media has a one year low of $1.28 and a one year high of $3.65. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.92 and a current ratio of 2.92.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Phoenix New Media in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Phoenix New Media currently has a consensus rating of “Sell”.

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.