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

Analysts at StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a report issued on Sunday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Up 6.9 %

NYSE:FENG opened at $2.33 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.75 and a quick ratio of 2.75. The firm’s 50-day moving average price is $2.36 and its 200-day moving average price is $2.57. The company has a market capitalization of $28.17 million, a PE ratio of -4.76 and a beta of 0.72. Phoenix New Media has a 1-year low of $1.67 and a 1-year high of $4.15.

Phoenix New Media (NYSE:FENG) last announced its earnings results on Tuesday, March 11th. The information services provider reported ($0.04) earnings per share for the quarter. Phoenix New Media had a negative net margin of 6.12% and a negative return on equity of 3.76%. The business had revenue of $29.88 million for 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.