StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG – Free Report) in a report released on Wednesday morning. The firm issued a hold rating on the information services provider’s stock.
Phoenix New Media Trading Down 9.0 %
NYSE:FENG opened at $2.42 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.86 and a quick ratio of 2.86. The business’s fifty day moving average price is $2.90 and its 200 day moving average price is $2.80. Phoenix New Media has a 12 month low of $1.18 and a 12 month high of $4.15.
Phoenix New Media (NYSE:FENG – Get Free Report) last posted its earnings results on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share for the quarter. The business had revenue of $23.16 million for the quarter. Phoenix New Media had a negative return on equity of 3.95% and a negative net margin of 6.60%.
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.
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