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

StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a research report sent to investors on Friday. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Stock Down 3.0 %

Shares of NYSE FENG opened at $2.14 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.75 and a quick ratio of 2.75. Phoenix New Media has a 1 year low of $1.50 and a 1 year high of $4.15. The stock has a market capitalization of $25.92 million, a P/E ratio of -4.38 and a beta of 0.72. The company has a 50-day moving average price of $2.39 and a 200-day moving average price of $2.60.

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