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

StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a research report sent to investors on Wednesday. The brokerage issued a hold rating on the information services provider’s stock.

Phoenix New Media Trading Up 1.1 %

Shares of NYSE:FENG traded up $0.03 during trading on Wednesday, hitting $2.65. 1,184 shares of the company were exchanged, compared to its average volume of 4,470. The firm’s 50 day moving average price is $2.90 and its 200-day moving average price is $2.80. Phoenix New Media has a 12-month low of $1.18 and a 12-month high of $4.15. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.02.

Phoenix New Media (NYSE:FENG) last announced its earnings results on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share for the quarter. The business had revenue of $23.16 million for the quarter. Phoenix New Media had a negative return on equity of 3.95% and a negative net margin of 6.60%.

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.