StockNews.com assumed coverage on shares of Phoenix New Media (NYSE:FENG – Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating on the information services provider’s stock.
Phoenix New Media Price Performance
NYSE:FENG opened at $1.69 on Tuesday. Phoenix New Media has a 52-week low of $1.28 and a 52-week 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 business’s 50-day moving average price is $2.23 and its 200 day moving average price is $2.47. The firm has a market cap of $20.43 million, a P/E ratio of -3.45 and a beta of 0.49.
Phoenix New Media (NYSE:FENG – Get Free Report) last released its quarterly earnings data on Tuesday, March 11th. The information services provider reported ($0.04) earnings per share for the quarter. The company had revenue of $29.88 million for the quarter. Phoenix New Media had a negative return on equity of 3.76% and a negative net margin of 6.12%.
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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