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

StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG) in a research report report published on Thursday. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Trading Up 5.2 %

Shares of NYSE:FENG opened at $2.30 on Thursday. The company’s 50-day moving average price is $2.04 and its two-hundred day moving average price is $2.36. Phoenix New Media has a one year low of $1.28 and a one year high of $4.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.75 and a quick ratio of 2.75. The stock has a market capitalization of $27.85 million, a PE ratio of -4.70 and a beta of 0.49.

Phoenix New Media (NYSE:FENG) last released its earnings results on Tuesday, March 11th. The information services provider reported ($0.04) earnings per share (EPS) 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.