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

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

Phoenix New Media Stock Down 1.7 %

Shares of NYSE FENG opened at $2.84 on Monday. The stock has a 50-day moving average price of $2.99 and a two-hundred day moving average price of $2.74. Phoenix New Media has a 12 month low of $1.18 and a 12 month high of $4.15. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.02. The company has a market cap of $34.33 million, a price-to-earnings ratio of -3.51 and a beta of 0.77.

Phoenix New Media (NYSE:FENG) last released its quarterly earnings data on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share (EPS) 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.

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.