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

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

Phoenix New Media Price Performance

Shares of NYSE:FENG opened at $3.37 on Thursday. 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 quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02. The company has a market cap of $40.74 million, a PE ratio of -4.16 and a beta of 0.76. The firm has a 50-day simple moving average of $2.77 and a 200 day simple moving average of $2.09.

Phoenix New Media (NYSE:FENG) last posted its earnings results on Monday, May 13th. The information services provider reported ($0.30) EPS for the quarter. The firm had revenue of $21.19 million during 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.