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

StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a research report sent to investors on Friday. The brokerage issued a hold rating on the information services provider’s stock.

Phoenix New Media Stock Down 2.9 %

Shares of FENG opened at $2.03 on Friday. Phoenix New Media has a twelve month low of $1.10 and a twelve month high of $4.14. The company has a 50 day moving average of $1.68 and a 200-day moving average of $1.47. The company has a quick ratio of 2.72, a current ratio of 2.81 and a debt-to-equity ratio of 0.02.

Phoenix New Media (NYSE:FENG) last issued its quarterly earnings results on Tuesday, March 12th. The information services provider reported $0.09 earnings per share for the quarter. The company had revenue of $29.84 million during the quarter. Phoenix New Media had a negative net margin of 15.11% and a negative return on equity of 8.87%.

Institutional Investors Weigh In On Phoenix New Media

A hedge fund recently bought a new stake in Phoenix New Media stock. Virtu Financial LLC acquired a new position in shares of Phoenix New Media Limited (NYSE:FENG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 21,805 shares of the information services provider’s stock, valued at approximately $58,000. Institutional investors and hedge funds own 6.33% of the company’s stock.

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.