Phoenix New Media (NYSE:FENG – Get Free Report) issued its quarterly earnings results on Tuesday. The information services provider reported ($0.04) EPS for the quarter, Zacks reports. Phoenix New Media had a negative return on equity of 3.76% and a negative net margin of 6.12%.
Phoenix New Media Stock Performance
FENG traded up $0.02 on Thursday, hitting $2.22. 1,868 shares of the stock traded hands, compared to its average volume of 9,190. The business has a fifty day moving average price of $2.40 and a two-hundred day moving average price of $2.62. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $26.84 million, a PE ratio of -4.53 and a beta of 0.72. Phoenix New Media has a 52 week low of $1.50 and a 52 week high of $4.15.
Wall Street Analysts Forecast Growth
Separately, StockNews.com started coverage on shares of Phoenix New Media in a research note on Thursday, March 6th. They set a “hold” rating for the company.
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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