Phoenix New Media (NYSE:FENG) Share Price Crosses Above 50 Day Moving Average of $3.67

Phoenix New Media Ltd (NYSE:FENG) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.67 and traded as high as $3.65. Phoenix New Media shares last traded at $3.65, with a volume of 285 shares changing hands.

A number of equities research analysts have recently weighed in on FENG shares. ValuEngine upgraded shares of Phoenix New Media from a “hold” rating to a “buy” rating in a research note on Tuesday, April 9th. TheStreet downgraded shares of Phoenix New Media from a “c-” rating to a “d” rating in a research note on Thursday, June 13th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $9.05.

The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.41 and a current ratio of 1.41. The business has a fifty day moving average of $3.64. The stock has a market cap of $235.11 million, a PE ratio of -25.00 and a beta of 2.39.

Phoenix New Media (NYSE:FENG) last released its quarterly earnings results on Monday, May 13th. The information services provider reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.24). Phoenix New Media had a negative return on equity of 4.04% and a negative net margin of 9.15%. The firm had revenue of $42.45 million for the quarter. As a group, equities research analysts forecast that Phoenix New Media Ltd will post 0.1 EPS for the current year.

Several large investors have recently added to or reduced their stakes in FENG. International Value Advisers LLC lifted its position in shares of Phoenix New Media by 26.7% during the first quarter. International Value Advisers LLC now owns 4,168,723 shares of the information services provider’s stock worth $17,550,000 after purchasing an additional 878,139 shares in the last quarter. FIL Ltd lifted its position in shares of Phoenix New Media by 6.3% during the first quarter. FIL Ltd now owns 1,738,091 shares of the information services provider’s stock worth $7,317,000 after purchasing an additional 103,531 shares in the last quarter. Millennium Management LLC lifted its position in shares of Phoenix New Media by 232.6% during the fourth quarter. Millennium Management LLC now owns 94,661 shares of the information services provider’s stock worth $303,000 after purchasing an additional 66,198 shares in the last quarter. Geode Capital Management LLC acquired a new position in shares of Phoenix New Media during the fourth quarter worth approximately $137,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Phoenix New Media by 1.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 254,498 shares of the information services provider’s stock worth $813,000 after purchasing an additional 3,813 shares in the last quarter. Institutional investors own 15.62% of the company’s stock.

Phoenix New Media Company Profile (NYSE:FENG)

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.

Further Reading: Oversold

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