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

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

Phoenix New Media Stock Up 1.4 %

FENG stock opened at $2.80 on Monday. The company has a market cap of $33.85 million, a price-to-earnings ratio of -3.46 and a beta of 0.76. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02. Phoenix New Media has a 12 month low of $1.10 and a 12 month high of $3.30. The firm has a 50-day moving average of $2.31 and a two-hundred day moving average of $1.85.

Phoenix New Media (NYSE:FENG) last released its quarterly earnings results on Monday, May 13th. The information services provider reported ($0.30) EPS for the quarter. The firm had revenue of $21.19 million for the quarter. Phoenix New Media had a negative net margin of 10.17% and a negative return on equity of 6.12%.

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.