Phoenix New Media (NYSE:FENG) Coverage Initiated by Analysts at began coverage on shares of Phoenix New Media (NYSE:FENGFree Report) in a research report released on Wednesday morning. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Price Performance

Shares of NYSE FENG opened at $1.54 on Wednesday. The business’s 50 day moving average is $1.40 and its 200-day moving average is $1.38. The firm has a market cap of $18.68 million, a P/E ratio of -1.95 and a beta of 0.78. Phoenix New Media has a 1-year low of $1.10 and a 1-year high of $4.14. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.02.

Phoenix New Media (NYSE:FENGGet Free Report) last posted its quarterly earnings data on Tuesday, November 14th. The information services provider reported ($0.24) earnings per share for the quarter. The firm had revenue of $21.05 million for the quarter. Phoenix New Media had a negative return on equity of 5.64% and a negative net margin of 9.69%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Phoenix New Media stock. Virtu Financial LLC purchased a new position in shares of Phoenix New Media Limited (NYSE:FENGFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,805 shares of the information services provider’s stock, valued at approximately $58,000. Institutional investors and hedge funds own 6.26% of the company’s stock.

About Phoenix New Media

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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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