Equities researchers at StockNews.com started coverage on shares of Phoenix New Media (NYSE:FENG – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the information services provider’s stock.
Phoenix New Media Stock Performance
Shares of FENG stock opened at $4.51 on Thursday. The firm has a market capitalization of $54.71 million, a price-to-earnings ratio of -1.02 and a beta of 1.22. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.99 and a quick ratio of 1.99. Phoenix New Media has a 12-month low of $2.10 and a 12-month high of $7.68. The business has a 50 day simple moving average of $4.71 and a 200 day simple moving average of $4.49.
Phoenix New Media (NYSE:FENG – Get Rating) last released its quarterly earnings data on Monday, August 15th. The information services provider reported ($1.18) earnings per share for the quarter. Phoenix New Media had a negative net margin of 37.55% and a negative return on equity of 26.04%.
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.
- Get a free copy of the StockNews.com research report on Phoenix New Media (FENG)
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