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

Equities research analysts at StockNews.com assumed coverage on shares of Phoenix New Media (NYSE:FENG) in a research report issued on Monday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Performance

FENG opened at $3.05 on Monday. The firm has a market cap of $36.87 million, a PE ratio of -3.77 and a beta of 0.77. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.02. The business has a fifty day simple moving average of $3.02 and a 200-day simple moving average of $2.73. Phoenix New Media has a fifty-two week low of $1.18 and a fifty-two week high of $4.15.

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 for the quarter. The company had revenue of $23.16 million for the quarter. Phoenix New Media had a negative return on equity of 3.95% and a negative net margin of 6.60%.

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.