StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG – Free Report) in a research note published on Thursday morning. The firm issued a hold rating on the information services provider’s stock.
Phoenix New Media Price Performance
NYSE:FENG opened at $3.37 on Thursday. The firm’s 50-day moving average price is $2.77 and its 200-day moving average price is $2.08. 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 1-year low of $1.10 and a 1-year high of $4.15.
Phoenix New Media (NYSE:FENG – Get Free Report) last released its earnings results on Monday, May 13th. The information services provider reported ($0.30) earnings per share for the quarter. The business 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%.
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.
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