Phoenix New Media (NYSE:FENG) Earns Hold Rating from Analysts at StockNews.com

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

Phoenix New Media Price Performance

Shares of FENG stock opened at $2.81 on Monday. Phoenix New Media has a 1 year low of $1.10 and a 1 year high of $3.30. The firm’s 50 day moving average is $2.29 and its 200-day moving average is $1.84. The firm has a market capitalization of $33.97 million, a price-to-earnings ratio of -3.47 and a beta of 0.76. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02.

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