Phoenix New Media (NYSE:FENG) Announces Quarterly Earnings Results

Phoenix New Media (NYSE:FENG) released its quarterly earnings data on Tuesday. The information services provider reported ($0.04) EPS for the quarter, Zacks reports. Phoenix New Media had a negative net margin of 6.12% and a negative return on equity of 3.76%. The business had revenue of $29.88 million during the quarter.

Phoenix New Media Trading Up 0.7 %

Shares of FENG stock traded up $0.02 on Thursday, hitting $2.22. 2,161 shares of the stock traded hands, compared to its average volume of 9,191. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.75 and a current ratio of 2.75. Phoenix New Media has a twelve month low of $1.50 and a twelve month high of $4.15. The firm’s 50-day moving average price is $2.40 and its two-hundred day moving average price is $2.62. The stock has a market capitalization of $26.78 million, a PE ratio of -4.52 and a beta of 0.72.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Phoenix New Media in a report on Thursday, March 6th. They issued a “hold” rating for the company.

About Phoenix New Media

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.