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

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

Phoenix New Media Stock Down 6.8 %

NYSE FENG opened at $2.86 on Thursday. 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 fifty-two week low of $1.10 and a fifty-two week high of $4.15. The business has a 50 day moving average price of $3.21 and a two-hundred day moving average price of $2.55. The stock has a market cap of $34.57 million, a PE ratio of -3.53 and a beta of 0.75.

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