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

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

Phoenix New Media Stock Performance

Shares of NYSE FENG traded up $0.17 during trading hours on Thursday, reaching $2.86. The stock had a trading volume of 4,186 shares, compared to its average volume of 45,889. The firm has a 50-day moving average of $2.89 and a 200-day moving average of $2.83. The firm has a market cap of $34.58 million, a price-to-earnings ratio of -5.92 and a beta of 0.78. The company has a current ratio of 2.75, a quick ratio of 2.86 and a debt-to-equity ratio of 0.02. Phoenix New Media has a fifty-two week low of $1.20 and a fifty-two week high of $4.15.

Phoenix New Media (NYSE:FENG) last posted its quarterly earnings data on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share for the quarter. The firm had revenue of $23.16 million during the quarter. Phoenix New Media had a negative net margin of 6.12% and a negative return on equity of 3.76%.

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.