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

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

Phoenix New Media Stock Performance

NYSE:FENG opened at $2.56 on Friday. The company has a market capitalization of $30.95 million, a price-to-earnings ratio of -3.16 and a beta of 0.70. The business has a 50 day moving average of $2.07 and a 200 day moving average of $1.69. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. Phoenix New Media has a 1-year low of $1.10 and a 1-year high of $3.30.

Phoenix New Media (NYSE:FENG) last announced its quarterly earnings data on Monday, May 13th. The information services provider reported ($0.30) earnings per share (EPS) for the quarter. The business had revenue of $21.19 million during the quarter. Phoenix New Media had a negative net margin of 10.17% and a negative return on equity of 6.12%.

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.