Phoenix New Media (NYSE:FENG) Earns Hold Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG) in a research note issued to investors on Sunday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Down 1.7 %

Shares of NYSE:FENG opened at $1.75 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.72 and a current ratio of 2.81. The company has a market cap of $21.23 million, a PE ratio of -1.46 and a beta of 0.72. Phoenix New Media has a 52 week low of $1.10 and a 52 week high of $4.14. The firm has a 50 day simple moving average of $1.78 and a 200 day simple moving average of $1.50.

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

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.