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

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

Phoenix New Media Stock Down 0.4 %

Shares of NYSE:FENG opened at $2.68 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.86 and a current ratio of 2.75. Phoenix New Media has a 52-week low of $1.20 and a 52-week high of $4.15. The business’s 50 day simple moving average is $2.89 and its two-hundred day simple moving average is $2.83. The firm has a market cap of $32.40 million, a P/E ratio of -5.47 and a beta of 0.78.

Phoenix New Media (NYSE:FENG) last posted its quarterly earnings results on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share (EPS) for the quarter. Phoenix New Media had a negative net margin of 6.12% and a negative return on equity of 3.76%. The business had revenue of $23.16 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.