StockNews.com assumed coverage on shares of Phoenix New Media (NYSE:FENG – Free Report) 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 – Get Free Report) 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.
Recommended Stories
- Five stocks we like better than Phoenix New Media
- Using the MarketBeat Dividend Tax Calculator
- Chinese Stocks Cool Off: Time to Buy the Dip in These 2 Stocks?
- What is the Nikkei 225 index?
- Goldman Sachs Highlights 3 Top Short Squeeze Stocks to Watch
- Ride Out The Recession With These Dividend Kings
- Walmart is Up 56% YTD, Is it Still a Top Consumer Staples Stock?
Receive News & Ratings for Phoenix New Media Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phoenix New Media and related companies with MarketBeat.com's FREE daily email newsletter.