Phoenix New Media (NYSE:FENG – Get Free Report) posted its quarterly earnings data on Tuesday. The information services provider reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($1.06) by $0.79, FiscalAI reports. Phoenix New Media had a return on equity of 0.18% and a net margin of 0.25%.
Phoenix New Media Stock Performance
NYSE:FENG traded up $0.01 during trading hours on Tuesday, hitting $1.71. 2,808 shares of the company traded hands, compared to its average volume of 3,916. The stock has a market capitalization of $20.54 million, a price-to-earnings ratio of 85.50 and a beta of -0.23. Phoenix New Media has a twelve month low of $1.63 and a twelve month high of $3.65. The firm has a 50-day moving average of $1.79 and a 200 day moving average of $1.92. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 0.01.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Phoenix New Media in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat, Phoenix New Media currently 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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