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

Research analysts at StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG – Get Rating) in a research note issued to investors on Wednesday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Trading Down 0.8 %

Shares of FENG opened at $2.37 on Wednesday. Phoenix New Media has a 1 year low of $2.10 and a 1 year high of $5.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.50 and a quick ratio of 2.39. The firm has a fifty day moving average of $2.28 and a 200-day moving average of $2.91.

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Phoenix New Media (NYSE:FENG – Get Rating) last announced its quarterly earnings results on Monday, March 13th. The information services provider reported $0.50 earnings per share (EPS) for the quarter. Phoenix New Media had a negative net margin of 15.01% and a negative return on equity of 9.47%. The company had revenue of $32.47 million during the quarter.

Institutional Investors Weigh In On Phoenix New Media

A hedge fund recently bought a new stake in Phoenix New Media stock. Virtu Financial LLC purchased a new stake in Phoenix New Media Limited (NYSE:FENG – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 21,805 shares of the information services provider’s stock, valued at approximately $58,000.

About Phoenix New Media

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Phoenix New Media Ltd. is engaged in the provision of media and advertising services through internet, mobile, and television channels. It also provides mobile internet and value-add, and video value-added services. It operates under the Net Advertising Services and Paid Services. The company was founded in 1998 and is headquartered in Beijing, China.

Further Reading

• Get a free copy of the StockNews.com research report on Phoenix New Media (FENG)
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