StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG – Get Free Report) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the information services provider’s stock.
Phoenix New Media Trading Up 4.9 %
Shares of NYSE:FENG opened at $2.69 on Tuesday. The stock has a 50 day moving average of $3.25 and a 200 day moving average of $2.44. The company has a market cap of $32.46 million, a PE ratio of -3.31 and a beta of 0.76. 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 $1.10 and a 12-month high of $4.15.
Phoenix New Media (NYSE:FENG – Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The information services provider reported ($0.06) earnings per share (EPS) for the quarter. The company had revenue of $23.16 million for the quarter. Phoenix New Media had a negative net margin of 6.60% and a negative return on equity of 3.95%.
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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