Investors Purchase High Volume of Phoenix New Media Call Options (FENG)
Phoenix New Media Ltd (NYSE:FENG) was the recipient of some unusual options trading on Thursday. Traders acquired 2,038 call options on the company. This represents an increase of 2,897% compared to the average volume of 68 call options.
Shares of Phoenix New Media (NYSE FENG) opened at $7.04 on Friday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $504.82, a price-to-earnings ratio of 54.15 and a beta of 1.20. Phoenix New Media has a 12-month low of $2.43 and a 12-month high of $8.14.
Phoenix New Media (NYSE:FENG) last posted its earnings results on Monday, November 13th. The information services provider reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.09. The company had revenue of $64.00 million for the quarter, compared to the consensus estimate of $61.20 million. Phoenix New Media had a return on equity of 2.87% and a net margin of 4.32%. Phoenix New Media’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share.
A number of analysts recently weighed in on FENG shares. BidaskClub upgraded Phoenix New Media from a “hold” rating to a “buy” rating in a research note on Tuesday, September 19th. Macquarie upgraded Phoenix New Media from a “neutral” rating to an “outperform” rating in a research report on Tuesday, November 14th.
Phoenix New Media Company Profile
Phoenix New Media Limited is a media company providing content on an integrated platform across Internet, mobile and television channels in China. The Company enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices.
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