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

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

Phoenix New Media Price Performance

Shares of NYSE FENG opened at $2.30 on Friday. 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 has a market cap of $27.80 million, a price-to-earnings ratio of -4.69 and a beta of 0.72. The company’s 50-day moving average price is $2.37 and its 200 day moving average price is $2.59. Phoenix New Media has a 52 week low of $1.57 and a 52 week high of $4.15.

Phoenix New Media (NYSE:FENG) last released its quarterly earnings results on Tuesday, March 11th. The information services provider reported ($0.04) EPS for the quarter. Phoenix New Media had a negative net margin of 6.12% and a negative return on equity of 3.76%. The business had revenue of $29.88 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.