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

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

Phoenix New Media Stock Performance

Shares of NYSE FENG opened at $3.01 on Friday. The company has a 50-day simple moving average of $3.13 and a 200-day simple moving average of $2.59. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.86 and a quick ratio of 2.86. The company has a market cap of $36.39 million, a PE ratio of -3.72 and a beta of 0.75. 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 posted its quarterly earnings results on Tuesday, August 13th. The information services provider reported ($0.06) EPS for the quarter. Phoenix New Media had a negative net margin of 6.60% and a negative return on equity of 3.95%. The business had revenue of $23.16 million during 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.