Phoenix New Media (NYSE:FENG) Receives New Coverage from Analysts at StockNews.com

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

Phoenix New Media Price Performance

Phoenix New Media stock opened at $2.79 on Wednesday. Phoenix New Media has a 52 week low of $1.10 and a 52 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. The firm’s 50-day simple moving average is $3.25 and its 200 day simple moving average is $2.48. The firm has a market capitalization of $33.73 million, a PE ratio of -3.44 and a beta of 0.75.

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

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.