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

StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a research report issued to clients and investors on Saturday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Performance

Shares of FENG stock opened at $3.27 on Friday. The company has a 50-day simple moving average of $3.10 and a 200 day simple moving average of $2.62. The company has a market capitalization of $39.53 million, a price-to-earnings ratio of -4.04 and a beta of 0.77. Phoenix New Media has a 52 week low of $1.18 and a 52 week high of $4.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.86 and a current ratio of 2.86.

Phoenix New Media (NYSE:FENG) last announced its quarterly earnings results 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%.

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.