Phoenix New Media (NYSE:FENG) Earns Hold Rating from Analysts at StockNews.com

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

Phoenix New Media Stock Down 3.0 %

Shares of NYSE:FENG opened at $2.14 on Friday. Phoenix New Media has a 52 week low of $1.50 and a 52 week high of $4.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.75 and a current ratio of 2.75. The company’s fifty day moving average is $2.39 and its 200-day moving average is $2.61. The company has a market capitalization of $25.92 million, a PE ratio of -4.38 and a beta of 0.72.

Phoenix New Media (NYSE:FENG) last issued its earnings results on Tuesday, March 11th. The information services provider reported ($0.04) 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 firm 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.