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

StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG) in a research note published on Monday morning. The brokerage issued a hold rating on the information services provider’s stock.

Phoenix New Media Trading Down 6.2 %

NYSE FENG opened at $2.86 on Monday. Phoenix New Media has a 1 year low of $1.18 and a 1 year high of $4.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.86 and a quick ratio of 2.86. The company has a market capitalization of $34.57 million, a PE ratio of -3.53 and a beta of 0.77. The company has a fifty day moving average of $3.01 and a 200 day moving average of $2.73.

Phoenix New Media (NYSE:FENG) 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 net margin of 6.60% and a negative return on equity of 3.95%. The company had revenue of $23.16 million for 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.