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

Analysts at StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a report released on Saturday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Performance

Shares of FENG opened at $3.27 on Friday. The firm has a market cap of $39.53 million, a price-to-earnings ratio of -4.04 and a beta of 0.77. The company’s fifty day moving average is $3.10 and its 200-day moving average is $2.64. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.02. Phoenix New Media has a 12 month low of $1.18 and a 12 month high of $4.15.

Phoenix New Media (NYSE:FENG) last posted its earnings results on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share for the quarter. The company had revenue of $23.16 million for the quarter. Phoenix New Media had a negative net margin of 6.60% and a negative return on equity of 3.95%.

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.