Phoenix New Media (NYSE:FENG) Coverage Initiated by Analysts at

Investment analysts at began coverage on shares of Phoenix New Media (NYSE:FENGGet Free Report) in a report released on Saturday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Price Performance

NYSE FENG opened at $1.26 on Friday. Phoenix New Media has a 52 week low of $1.25 and a 52 week high of $5.11. The firm has a market capitalization of $15.28 million, a P/E ratio of -4.67 and a beta of 0.85. The company has a quick ratio of 2.67, a current ratio of 2.67 and a debt-to-equity ratio of 0.02. The company has a 50-day moving average price of $1.59 and a 200-day moving average price of $2.04.

Phoenix New Media (NYSE:FENGGet Free Report) last announced its quarterly earnings data on Tuesday, August 15th. The information services provider reported ($0.36) earnings per share (EPS) for the quarter. The company had revenue of $24.85 million for the quarter. Phoenix New Media had a negative net margin of 3.11% and a negative return on equity of 1.89%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Phoenix New Media stock. Virtu Financial LLC acquired a new position in shares of Phoenix New Media Limited (NYSE:FENGFree Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 21,805 shares of the information services provider’s stock, valued at approximately $58,000. Institutional investors own 6.26% of the company’s stock.

Phoenix New Media Company Profile

(Get Free Report)

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.

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