StockNews.com Initiates Coverage on Phoenix New Media (NYSE:FENG)

Equities researchers at StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG) in a report released on Wednesday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Down 5.7 %

Shares of NYSE:FENG opened at $1.83 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. The firm has a market capitalization of $22.12 million, a PE ratio of -2.26 and a beta of 0.67. The firm’s 50-day moving average is $1.92 and its two-hundred day moving average is $1.60. Phoenix New Media has a 1 year low of $1.10 and a 1 year high of $2.93.

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