StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG – Free Report) in a research report sent to investors on Wednesday morning. The firm issued a hold rating on the information services provider’s stock.
Phoenix New Media Stock Down 9.0 %
Phoenix New Media stock opened at $2.42 on Wednesday. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $2.90 and a two-hundred day moving average of $2.80. Phoenix New Media has a twelve month low of $1.18 and a twelve month high of $4.15.
Phoenix New Media (NYSE:FENG – Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share for the quarter. The firm had revenue of $23.16 million during the quarter. Phoenix New Media had a negative net margin of 6.60% and a negative return on equity of 3.95%.
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.
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