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

by · The Cerbat Gem

StockNews.com started coverage on shares of Phoenix New Media (NYSE:FENG – Free Report) in a research report released on Tuesday. The brokerage issued a hold rating on the information services provider’s stock.

Phoenix New Media Trading Up 5.4 %

NYSE FENG opened at $2.92 on Tuesday. The firm has a market capitalization of $35.30 million, a PE ratio of -5.84 and a beta of 0.77. The business’s 50-day moving average price is $2.94 and its two-hundred day moving average price is $2.77. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.02. Phoenix New Media has a 12 month low of $1.18 and a 12 month high of $4.15.

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

About Phoenix New Media

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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.

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