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

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

Phoenix New Media Price Performance

NYSE FENG opened at $2.53 on Thursday. The business’s fifty day moving average price is $2.89 and its 200-day moving average price is $2.83. The stock has a market capitalization of $30.59 million, a price-to-earnings ratio of -4.96 and a beta of 0.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.86 and a quick ratio of 2.86. Phoenix New Media has a 1-year low of $1.20 and a 1-year high of $4.15.

Phoenix New Media (NYSE:FENG) last announced its earnings results on Tuesday, August 13th. The information services provider reported ($0.06) EPS for the quarter. Phoenix New Media had a negative return on equity of 3.95% and a negative net margin of 6.60%. The company 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.