Phoenix New Media (NYSE:FENG) Coverage Initiated by Analysts at StockNews.com

by · The Cerbat Gem

StockNews.com assumed coverage on shares of Phoenix New Media (NYSE:FENG – Free Report) in a report published on Wednesday. The brokerage issued a hold rating on the information services provider’s stock.

Phoenix New Media Stock Performance

NYSE FENG opened at $1.40 on Wednesday. The stock has a market capitalization of $16.98 million, a price-to-earnings ratio of -1.77 and a beta of 0.81. Phoenix New Media has a twelve month low of $1.10 and a twelve month high of $4.14. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average of $1.31 and a 200 day moving average of $1.56.

Phoenix New Media (NYSE:FENG – Get Free Report) last released its quarterly earnings results on Tuesday, November 14th. The information services provider reported ($0.24) earnings per share for the quarter. The business had revenue of $21.05 million during the quarter. Phoenix New Media had a negative return on equity of 5.64% and a negative net margin of 9.69%.

Hedge Funds Weigh In On Phoenix New Media

An institutional investor recently bought a new position in Phoenix New Media stock. Virtu Financial LLC bought a new stake in shares of Phoenix New Media Limited (NYSE:FENG – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,805 shares of the information services provider’s stock, valued at approximately $58,000. 6.26% of the stock is currently owned by institutional investors and hedge funds.

Phoenix New Media Company Profile

(Get Free Report)

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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