Investment analysts at StockNews.com assumed coverage on shares of Phoenix New Media (NYSE:FENG – Get Free Report) in a report issued on Saturday. The firm set a “hold” rating on the information services provider’s stock.
Phoenix New Media Trading Up 0.9 %
Shares of FENG opened at $2.30 on Friday. The business has a 50-day moving average of $2.37 and a 200 day moving average of $2.59. Phoenix New Media has a fifty-two week low of $1.57 and a fifty-two week high of $4.15. The firm has a market cap of $27.80 million, a P/E ratio of -4.69 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.75 and a current ratio of 2.75.
Phoenix New Media (NYSE:FENG – Get Free Report) last posted its earnings results on Tuesday, March 11th. The information services provider reported ($0.04) earnings per share for the quarter. The company had revenue of $29.88 million for the quarter. Phoenix New Media had a negative net margin of 6.12% and a negative return on equity of 3.76%.
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.
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