Phoenix New Media (NYSE:FENG) Coverage Initiated at StockNews.com

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

Phoenix New Media Stock Performance

NYSE:FENG opened at $2.21 on Friday. The stock’s 50-day simple moving average is $2.40 and its 200 day simple moving average is $2.62. The firm has a market capitalization of $26.72 million, a PE ratio of -4.51 and a beta of 0.72. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.02. Phoenix New Media has a twelve month low of $1.50 and a twelve month high of $4.15.

Phoenix New Media (NYSE:FENG) last released its quarterly earnings data on Tuesday, March 11th. The information services provider reported ($0.04) earnings per share 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 $29.88 million during the quarter.

Phoenix New Media Company Profile

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.