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

StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a research note released on Friday morning. The brokerage issued a hold rating on the information services provider’s stock.

Phoenix New Media Price Performance

Shares of FENG stock opened at $3.01 on Friday. The firm has a market capitalization of $36.39 million, a price-to-earnings ratio of -3.72 and a beta of 0.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.86 and a current ratio of 2.86. The stock’s 50-day simple moving average is $3.13 and its 200-day simple moving average is $2.59. Phoenix New Media has a fifty-two week low of $1.18 and a fifty-two week high of $4.15.

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

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.