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

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

Phoenix New Media Stock Down 3.0 %

Shares of NYSE:FENG opened at $2.14 on Friday. Phoenix New Media has a 52-week low of $1.50 and a 52-week high of $4.15. The firm has a market capitalization of $25.92 million, a P/E ratio of -4.38 and a beta of 0.72. The stock has a 50 day moving average price of $2.39 and a 200-day moving average price of $2.62. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.75 and a current ratio of 2.75.

Phoenix New Media (NYSE:FENG) last announced its earnings results on Tuesday, March 11th. The information services provider reported ($0.04) earnings per share (EPS) for the quarter. Phoenix New Media had a negative return on equity of 3.76% and a negative net margin of 6.12%. The firm had revenue of $29.88 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.