Phoenix New Media (NYSE:FENG) Research Coverage Started at StockNews.com

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

Phoenix New Media Trading Down 5.4 %

Shares of NYSE:FENG opened at $3.05 on Friday. The firm has a market capitalization of $36.87 million, a price-to-earnings ratio of -3.77 and a beta of 0.77. The business’s 50 day moving average price is $3.08 and its 200-day moving average price is $2.66. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.86 and a quick ratio of 2.86. Phoenix New Media has a 1 year low of $1.18 and a 1 year high of $4.15.

Phoenix New Media (NYSE:FENG) last posted its quarterly earnings data on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $23.16 million for the quarter. Phoenix New Media had a negative net margin of 6.60% and a negative return on equity of 3.95%.

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.