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

StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a report issued on Sunday morning. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Trading Up 6.8 %

Shares of Phoenix New Media stock opened at $2.37 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91. Phoenix New Media has a fifty-two week low of $1.10 and a fifty-two week high of $3.30. The company has a fifty day moving average of $2.16 and a 200 day moving average of $1.77. The company has a market capitalization of $28.65 million, a P/E ratio of -2.93 and a beta of 0.70.

Phoenix New Media (NYSE:FENG) last posted its earnings results on Monday, May 13th. The information services provider reported ($0.30) EPS for the quarter. Phoenix New Media had a negative return on equity of 6.12% and a negative net margin of 10.17%. The firm had revenue of $21.19 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.