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

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

Phoenix New Media Stock Performance

FENG traded up $0.12 on Wednesday, hitting $2.74. The company had a trading volume of 341 shares, compared to its average volume of 46,727. Phoenix New Media has a 1-year low of $1.18 and a 1-year high of $4.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.86 and a quick ratio of 2.86. The company’s fifty day moving average price is $2.90 and its 200 day moving average price is $2.80. The stock has a market cap of $33.13 million, a price-to-earnings ratio of -5.16 and a beta of 0.78.

Phoenix New Media (NYSE:FENG) last posted its earnings results on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $23.16 million during the quarter. Phoenix New Media had a negative net margin of 6.60% and a negative return on equity of 3.95%.

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.