StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG – Free 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:FENG – Get 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
About Phoenix New Media
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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