Phoenix New Media (NYSE:FENG) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG) in a research note released on Saturday morning. The brokerage issued a hold rating on the information services provider’s stock.

Phoenix New Media Price Performance

FENG stock opened at $2.39 on Friday. Phoenix New Media has a one year low of $1.57 and a one year high of $4.15. The firm has a market cap of $28.89 million, a PE ratio of -4.88 and a beta of 0.72. The firm’s 50 day moving average price is $2.37 and its 200-day moving average price is $2.59. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.75 and a current ratio of 2.75.

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

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.