Phoenix New Media (NYSE:FENG – Get Free Report) issued its quarterly earnings data on Tuesday. The information services provider reported ($0.62) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.06) by $0.44, FiscalAI reports. Phoenix New Media had a return on equity of 1.31% and a net margin of 1.76%.
Phoenix New Media Trading Down 1.0%
NYSE FENG traded down $0.01 during trading on Tuesday, hitting $1.52. The stock had a trading volume of 1,292 shares, compared to its average volume of 9,456. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $18.32 million, a PE ratio of 9.53 and a beta of -0.20. The firm has a 50 day moving average price of $1.54 and a 200 day moving average price of $1.69. Phoenix New Media has a twelve month low of $1.39 and a twelve month high of $3.65.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Phoenix New Media in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat, Phoenix New Media presently has an average rating of “Sell”.
About Phoenix New Media
Phoenix New Media Inc is a leading Chinese new media company that provides online news and information services through its flagship portal, ifeng.com, as well as a suite of mobile applications and video platforms. The company offers a wide array of multimedia content, including live streaming news, on-demand video, audio programming and article publishing across topics such as finance, technology, entertainment, lifestyle and sports. In addition to content distribution, Phoenix New Media generates revenue through digital advertising and subscription services.
Formed as a spin-off of its parent Nanfang Media Group’s overseas broadcasting business, Phoenix New Media was established to capitalize on the rapid growth of Internet and mobile consumption in China.
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