Phoenix New Media (NYSE:FENG) Issues Earnings Results

Phoenix New Media (NYSE:FENG) announced its quarterly earnings data on Tuesday. The information services provider reported ($0.04) earnings per share for the quarter, Zacks reports. Phoenix New Media had a negative net margin of 6.12% and a negative return on equity of 3.76%.

Phoenix New Media Price Performance

NYSE FENG traded up $0.02 during trading on Thursday, hitting $2.22. 1,868 shares of the company’s stock were exchanged, compared to its average volume of 9,191. The company has a market cap of $26.78 million, a PE ratio of -4.53 and a beta of 0.72. Phoenix New Media has a fifty-two week low of $1.50 and a fifty-two week high of $4.15. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average price is $2.40 and its two-hundred day moving average price is $2.62.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Phoenix New Media in a report on Thursday, March 6th. They set a “hold” rating for the company.

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.