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

StockNews.com started coverage on shares of Phoenix New Media (NYSE:FENG) in a research report sent to investors on Friday morning. The brokerage issued a hold rating on the information services provider’s stock.

Phoenix New Media Trading Down 7.9 %

NYSE FENG opened at $1.87 on Friday. The company’s fifty day simple moving average is $1.69 and its 200-day simple moving average is $1.47. Phoenix New Media has a 52 week low of $1.10 and a 52 week high of $4.14. The company has a current ratio of 2.81, a quick ratio of 2.72 and a debt-to-equity ratio of 0.02. The stock has a market cap of $22.68 million, a P/E ratio of -1.56 and a beta of 0.72.

Phoenix New Media (NYSE:FENG) last posted its quarterly earnings results on Tuesday, March 12th. The information services provider reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $29.84 million for the quarter. Phoenix New Media had a negative net margin of 15.11% and a negative return on equity of 8.87%.

Institutional Trading of Phoenix New Media

A hedge fund recently bought a new stake in Phoenix New Media stock. Virtu Financial LLC purchased a new stake in Phoenix New Media Limited (NYSE:FENG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,805 shares of the information services provider’s stock, valued at approximately $58,000. Institutional investors and hedge funds own 6.33% of the company’s stock.

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.