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

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

Phoenix New Media Stock Performance

NYSE:FENG opened at $3.33 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. Phoenix New Media has a 52-week low of $1.10 and a 52-week high of $4.15. The firm has a market cap of $40.26 million, a price-to-earnings ratio of -3.93 and a beta of 0.76. The business’s fifty day moving average is $3.13 and its 200 day moving average is $2.32.

Phoenix New Media (NYSE:FENG) last released its quarterly earnings data on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share (EPS) for the quarter. Phoenix New Media had a negative net margin of 10.17% and a negative return on equity of 6.12%. 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.