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

StockNews.com assumed coverage on shares of Phoenix New Media (NYSE:FENG) in a research report report published on Sunday morning. The brokerage issued a hold rating on the information services provider’s stock.

Phoenix New Media Trading Down 0.3 %

Shares of Phoenix New Media stock opened at $3.11 on Friday. The company’s 50-day moving average price is $3.04 and its 200-day moving average price is $2.71. The company has a market cap of $37.60 million, a price-to-earnings ratio of -3.84 and a beta of 0.77. Phoenix New Media has a 12-month low of $1.18 and a 12-month high of $4.15. 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 (NYSE:FENG) last posted 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 return on equity of 3.95% and a negative net margin of 6.60%.

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.