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

Equities researchers at StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a research note issued on Saturday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Price Performance

NYSE FENG opened at $1.82 on Friday. The company has a market cap of $22.08 million, a price-to-earnings ratio of -1.52 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.81 and a quick ratio of 2.72. The stock’s fifty day moving average price is $1.73 and its 200 day moving average price is $1.49. Phoenix New Media has a 1 year low of $1.10 and a 1 year high of $4.14.

Phoenix New Media (NYSE:FENG) last released its quarterly earnings data on Tuesday, March 12th. The information services provider reported $0.09 EPS for the quarter. Phoenix New Media had a negative net margin of 15.11% and a negative return on equity of 8.87%. The business had revenue of $29.84 million for the quarter.

Institutional Trading of Phoenix New Media

A hedge fund recently bought a new stake in Phoenix New Media stock. Virtu Financial LLC bought a new position in shares of Phoenix New Media Limited (NYSE:FENG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,805 shares of the information services provider’s stock, valued at approximately $58,000. 6.33% of the stock is currently owned by institutional investors.

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.