StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG – Free Report) in a report released on Monday morning. The brokerage issued a hold rating on the information services provider’s stock.
Phoenix New Media Stock Performance
FENG stock opened at $1.90 on Monday. Phoenix New Media has a twelve month low of $1.67 and a twelve month 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 company has a market cap of $22.98 million, a P/E ratio of -3.88 and a beta of 0.49. The business’s fifty day moving average is $2.34 and its 200-day moving average is $2.54.
Phoenix New Media (NYSE:FENG – Get Free Report) last released its earnings results on Tuesday, March 11th. The information services provider reported ($0.04) earnings per share for the quarter. Phoenix New Media had a negative net margin of 6.12% and a negative return on equity of 3.76%. The company had revenue of $29.88 million during the quarter.
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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