Phoenix New Media (NYSE:FENG) Coverage Initiated by Analysts at StockNews.com

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

Phoenix New Media Trading Down 1.5 %

Phoenix New Media stock traded down $0.05 during mid-day trading on Friday, hitting $3.33. The company’s stock had a trading volume of 3,269 shares, compared to its average volume of 62,257. Phoenix New Media has a one year low of $1.10 and a one year high of $4.15. The stock has a market cap of $40.26 million, a PE ratio of -4.11 and a beta of 0.76. The company has a 50 day moving average of $3.05 and a 200-day moving average of $2.22. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.91 and a current ratio of 2.91.

Phoenix New Media (NYSE:FENG) last posted its quarterly earnings results on Monday, May 13th. The information services provider reported ($0.30) EPS for the quarter. Phoenix New Media had a negative return on equity of 6.12% and a negative net margin of 10.17%. The company had revenue of $21.19 million during the quarter.

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.