StockNews.com Initiates Coverage on Phoenix New Media (NYSE:FENG)

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

Phoenix New Media Stock Up 1.2 %

FENG stock opened at $3.37 on Thursday. The stock has a fifty day moving average of $2.77 and a 200-day moving average of $2.09. Phoenix New Media has a fifty-two week low of $1.10 and a fifty-two week high of $4.15. The company has a market capitalization of $40.74 million, a price-to-earnings ratio of -4.16 and a beta of 0.76. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91.

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

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.