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

Equities researchers at StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a research report issued on Wednesday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Performance

NYSE FENG opened at $1.53 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.75 and a quick ratio of 2.75. The company has a market cap of $18.45 million, a P/E ratio of -3.11 and a beta of 0.49. The stock has a 50-day moving average of $2.16 and a two-hundred day moving average of $2.43. Phoenix New Media has a 1-year low of $1.28 and a 1-year high of $4.15.

Phoenix New Media (NYSE:FENG) last announced its quarterly earnings data on Tuesday, March 11th. The information services provider reported ($0.04) earnings per share for the quarter. The business had revenue of $29.88 million during 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.