Phoenix New Media (NYSE:FENG) Coverage Initiated at

Stock analysts at began coverage on shares of Phoenix New Media (NYSE:FENGGet Free Report) in a report issued on Tuesday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Performance

FENG stock opened at $4.15 on Tuesday. The company has a market cap of $50.17 million, a P/E ratio of -5.12 and a beta of 0.76. Phoenix New Media has a 1 year low of $1.10 and a 1 year high of $4.15. 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 stock’s fifty day moving average price is $2.39 and its 200-day moving average price is $1.90.

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

About Phoenix New Media

(Get Free Report)

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.

Further Reading

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