StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG – Free Report) in a research note issued to investors on Monday. The brokerage issued a hold rating on the information services provider’s stock.
Phoenix New Media Stock Up 1.2 %
Shares of NYSE:FENG opened at $2.09 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.81 and a current ratio of 2.81. Phoenix New Media has a 52-week low of $1.10 and a 52-week high of $2.93. The business’s 50 day simple moving average is $1.88 and its two-hundred day simple moving average is $1.55. The firm has a market cap of $25.30 million, a P/E ratio of -1.74 and a beta of 0.67.
Phoenix New Media (NYSE:FENG – Get Free Report) last issued its earnings results on Tuesday, March 12th. The information services provider reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $29.84 million for the quarter. Phoenix New Media had a negative return on equity of 8.87% and a negative net margin of 15.11%.
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.
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