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

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

Phoenix New Media Price Performance

Shares of NYSE:FENG traded up $0.17 on Thursday, reaching $2.86. 4,186 shares of the company were exchanged, compared to its average volume of 45,889. 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 1-year low of $1.20 and a 1-year high of $4.15. The company 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.

Phoenix New Media (NYSE:FENG) last issued its earnings results on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share (EPS) for the quarter. The company 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.