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

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

Phoenix New Media Trading Up 0.5 %

FENG stock opened at $1.84 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. The company has a fifty day moving average price of $1.92 and a two-hundred day moving average price of $1.60. Phoenix New Media has a one year low of $1.10 and a one year high of $2.93. The stock has a market cap of $22.25 million, a price-to-earnings ratio of -2.27 and a beta of 0.67.

Phoenix New Media (NYSE:FENG) last released its quarterly earnings data on Monday, May 13th. The information services provider reported ($0.30) EPS for the quarter. Phoenix New Media had a negative return on equity of 6.12% and a negative net margin of 10.17%. The company had revenue of $21.19 million for 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.