StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG – Free Report) in a research report report published on Saturday. The brokerage issued a hold rating on the information services provider’s stock.
Phoenix New Media Trading Down 2.8%
Shares of FENG opened at $2.07 on Friday. The firm’s 50 day simple moving average is $2.02 and its 200 day simple moving average is $2.30. The company has a market capitalization of $24.86 million, a P/E ratio of -4.22 and a beta of 0.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.75 and a quick ratio of 2.75. Phoenix New Media has a 1-year low of $1.28 and a 1-year high of $4.15.
Phoenix New Media (NYSE:FENG – Get Free Report) last announced its earnings results on Tuesday, May 13th. The information services provider reported ($0.34) earnings per share for the quarter. The company had revenue of $21.39 million during the quarter. Phoenix New Media had a negative net margin of 6.12% and a negative return on equity of 3.76%.
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.
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