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 issued on Monday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Performance

Shares of FENG opened at $2.76 on Monday. The stock has a 50 day moving average price of $2.27 and a 200 day moving average price of $1.83. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.02. Phoenix New Media has a 52-week low of $1.10 and a 52-week high of $3.30. The company has a market capitalization of $33.37 million, a price-to-earnings ratio of -3.41 and a beta of 0.76.

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. The firm had revenue of $21.19 million for the quarter. Phoenix New Media had a negative return on equity of 6.12% and a negative net margin of 10.17%.

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.