StockNews.com Begins Coverage on Phoenix New Media (NYSE:FENG)

Research analysts at StockNews.com started coverage on shares of Phoenix New Media (NYSE:FENG) in a report issued on Tuesday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Up 8.2 %

FENG opened at $1.71 on Tuesday. The business’s fifty day simple moving average is $2.27 and its 200 day simple moving average is $2.48. Phoenix New Media has a 52 week low of $1.28 and a 52 week high of $4.15. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.02. The stock has a market cap of $20.67 million, a PE ratio of -3.49 and a beta of 0.49.

Phoenix New Media (NYSE:FENG) last announced its quarterly earnings data on Tuesday, March 11th. The information services provider reported ($0.04) EPS for the quarter. The firm had revenue of $29.88 million for the quarter. Phoenix New Media had a negative net margin of 6.12% and a negative return on equity of 3.76%.

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.