StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG – Free Report) in a research note issued to investors on Saturday. The firm issued a hold rating on the information services provider’s stock.
Phoenix New Media Stock Performance
Phoenix New Media stock opened at $1.86 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.81 and a quick ratio of 2.72. The stock has a fifty day moving average price of $1.74 and a two-hundred day moving average price of $1.49. Phoenix New Media has a 52-week low of $1.10 and a 52-week high of $4.14. The firm has a market capitalization of $22.56 million, a P/E ratio of -1.55 and a beta of 0.72.
Phoenix New Media (NYSE:FENG – Get Free Report) last announced its earnings results on Tuesday, March 12th. The information services provider reported $0.09 EPS for the quarter. The company had revenue of $29.84 million for the quarter. Phoenix New Media had a negative return on equity of 8.87% and a negative net margin of 15.11%.
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.
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