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 report issued on Wednesday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Price Performance

FENG traded up $0.12 during trading on Wednesday, hitting $2.74. The company’s stock had a trading volume of 341 shares, compared to its average volume of 46,727. The firm’s 50 day moving average price is $2.90 and its two-hundred day moving average price is $2.80. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $33.13 million, a price-to-earnings ratio of -5.16 and a beta of 0.78. Phoenix New Media has a 12 month low of $1.18 and a 12 month high of $4.15.

Phoenix New Media (NYSE:FENG) last issued its quarterly earnings data on Tuesday, August 13th. The information services provider reported ($0.06) 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.

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.