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 note released on Saturday. The brokerage issued a hold rating on the information services provider’s stock.

Phoenix New Media Trading Down 1.5 %

Shares of FENG stock traded down $0.05 during mid-day trading on Friday, reaching $3.33. The company’s stock had a trading volume of 3,269 shares, compared to its average volume of 62,257. The company’s 50 day simple moving average is $3.05 and its 200-day simple moving average is $2.22. 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 12-month low of $1.10 and a 12-month high of $4.15. The firm has a market capitalization of $40.26 million, a PE ratio of -4.11 and a beta of 0.76.

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

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.