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 Wednesday. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Price Performance

Shares of NYSE FENG opened at $1.84 on Wednesday. Phoenix New Media has a twelve month low of $1.10 and a twelve month high of $2.93. The company has a market cap of $22.25 million, a PE ratio of -2.27 and a beta of 0.67. The business’s 50 day moving average price is $1.92 and its two-hundred day moving average price is $1.60. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02.

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

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.