Phoenix New Media (NYSE:FENG) Coverage Initiated at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG) in a note issued to investors on Friday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Performance

Shares of NYSE FENG opened at $2.01 on Friday. The stock’s 50-day moving average is $2.02 and its 200 day moving average is $2.33. The stock has a market cap of $24.14 million, a price-to-earnings ratio of -4.10 and a beta of 0.42. Phoenix New Media has a 1-year low of $1.28 and a 1-year high of $4.15. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.02.

Phoenix New Media (NYSE:FENG) last announced its quarterly earnings data on Tuesday, March 11th. The information services provider reported ($0.04) earnings per share for the quarter. Phoenix New Media had a negative return on equity of 3.76% and a negative net margin of 6.12%. The business had revenue of $29.88 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.