Phoenix New Media Limited (NYSE:FENG – Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.57 and traded as high as $3.18. Phoenix New Media shares last traded at $2.88, with a volume of 39,082 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com assumed coverage on Phoenix New Media in a research report on Friday. They set a “hold” rating on the stock.
Read Our Latest Report on FENG
Phoenix New Media Stock Down 0.7 %
Phoenix New Media (NYSE:FENG – Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share for the quarter. Phoenix New Media had a negative return on equity of 3.95% and a negative net margin of 6.60%. The business had revenue of $23.16 million for 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.
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