Phoenix New Media (NYSE:FENG) Research Coverage Started at StockNews.com

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

Phoenix New Media Stock Performance

NYSE:FENG opened at $3.27 on Friday. The stock has a market capitalization of $39.53 million, a P/E ratio of -4.04 and a beta of 0.77. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.02. Phoenix New Media has a 1 year low of $1.18 and a 1 year high of $4.15. The firm has a 50 day moving average of $3.10 and a 200-day moving average of $2.64.

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