StockNews.com Initiates Coverage on Phoenix New Media (NYSE:FENG)

Research analysts at StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Price Performance

FENG opened at $2.65 on Tuesday. The company has a 50-day moving average of $3.25 and a 200-day moving average of $2.43. The company has a market capitalization of $32.04 million, a P/E ratio of -3.27 and a beta of 0.76. Phoenix New Media has a 1-year low of $1.10 and a 1-year high of $4.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.86 and a current ratio of 2.86.

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 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 for 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.