Begins Coverage on Phoenix New Media (NYSE:FENG) assumed coverage on shares of Phoenix New Media (NYSE:FENGFree Report) in a research report released on Wednesday morning. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Stock Performance

Shares of FENG stock opened at $1.41 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.72 and a current ratio of 2.72. Phoenix New Media has a fifty-two week low of $1.10 and a fifty-two week high of $4.14. The stock has a 50 day moving average price of $1.40 and a two-hundred day moving average price of $1.38. The company has a market capitalization of $17.10 million, a P/E ratio of -1.78 and a beta of 0.71.

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

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:FENGFree Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 21,805 shares of the information services provider’s stock, valued at approximately $58,000. Institutional investors own 6.26% of the company’s stock.

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.

Further Reading

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