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

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

Phoenix New Media Stock Performance

Shares of FENG stock opened at $2.84 on Monday. The business’s 50 day simple moving average is $2.99 and its 200 day simple moving average is $2.74. Phoenix New Media has a one year low of $1.18 and a one year high of $4.15. The stock has a market capitalization of $34.33 million, a PE ratio of -3.51 and a beta of 0.77. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.86 and a quick ratio of 2.86.

Phoenix New Media (NYSE:FENG) last announced its earnings results on Tuesday, August 13th. The information services provider reported ($0.06) EPS 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 during 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.