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

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

Phoenix New Media Stock Down 0.6 %

Shares of NYSE:FENG opened at $3.53 on Friday. The firm has a market cap of $42.68 million, a P/E ratio of -4.36 and a beta of 0.76. Phoenix New Media has a 12-month low of $1.10 and a 12-month high of $4.15. The business has a fifty day simple moving average of $2.94 and a 200 day simple moving average of $2.16. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02.

Phoenix New Media (NYSE:FENG) last issued its quarterly earnings results on Monday, May 13th. The information services provider reported ($0.30) earnings per share for the quarter. The company had revenue of $21.19 million during the quarter. Phoenix New Media had a negative net margin of 10.17% and a negative return on equity of 6.12%.

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.