Phoenix New Media (NYSE:FENG) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG) in a research note issued on Sunday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Trading Down 7.2 %

Shares of FENG opened at $2.20 on Friday. Phoenix New Media has a fifty-two week low of $1.67 and a fifty-two week high of $4.15. The firm has a market cap of $26.60 million, a price-to-earnings ratio of -4.49 and a beta of 0.72. The firm has a 50 day moving average price of $2.36 and a 200-day moving average price of $2.58. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.75 and a current ratio of 2.75.

Phoenix New Media (NYSE:FENG) last posted its quarterly earnings results on Tuesday, March 11th. The information services provider reported ($0.04) earnings per share for the quarter. Phoenix New Media had a negative return on equity of 3.76% and a negative net margin of 6.12%. The business had revenue of $29.88 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.