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

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

Phoenix New Media Stock Down 1.7 %

Shares of Phoenix New Media stock opened at $1.75 on Friday. The company has a fifty day moving average price of $1.78 and a 200 day moving average price of $1.50. The company has a current ratio of 2.81, a quick ratio of 2.72 and a debt-to-equity ratio of 0.02. Phoenix New Media has a twelve month low of $1.10 and a twelve month high of $4.14. The stock has a market cap of $21.23 million, a price-to-earnings ratio of -1.46 and a beta of 0.72.

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

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.