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 report issued on Sunday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Trading Up 6.8 %

FENG opened at $2.37 on Friday. The firm has a market capitalization of $28.65 million, a PE ratio of -2.93 and a beta of 0.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. Phoenix New Media has a fifty-two week low of $1.10 and a fifty-two week high of $3.30. The company’s 50-day moving average is $2.16 and its 200 day moving average is $1.77.

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

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.