Phoenix New Media (NYSE:FENG) Earns Hold Rating from Analysts at StockNews.com

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

Phoenix New Media Stock Performance

FENG opened at $2.81 on Monday. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.02. The company’s fifty day moving average price is $2.29 and its two-hundred day moving average price is $1.84. Phoenix New Media has a 1-year low of $1.10 and a 1-year high of $3.30. The company has a market cap of $33.97 million, a price-to-earnings ratio of -3.47 and a beta of 0.76.

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

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.