Research analysts at StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG – Get Free Report) in a report released on Friday. The brokerage set a “hold” rating on the information services provider’s stock.
Phoenix New Media Trading Down 1.7 %
NYSE:FENG opened at $2.08 on Friday. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $24.92 million, a price-to-earnings ratio of -4.23 and a beta of 0.42. Phoenix New Media has a 52 week low of $1.28 and a 52 week high of $4.15. The firm has a 50 day moving average of $2.02 and a 200 day moving average of $2.34.
Phoenix New Media (NYSE:FENG – Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The information services provider reported ($0.04) earnings per share (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 company had revenue of $29.88 million for the quarter.
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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