Phoenix New Media Limited Ameri (NYSE:FENG) Sees Volatile Trading – Up by 8.80%

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Phoenix New Media Limited Ameri (NYSE:FENG) last traded at $6.47 having a low of $5.99 and a high of $6.73. The big move qualifies the stock as one of the most volatile of the day.

$6.73 is the stock’s high for the year. The stock is among the market’s biggest gainers today. The stock last traded at $6.47 significantly higher than $4.12, the stock’s 50 day moving average and quite a bit higher than the 200 day moving average of $3.41. The 50 day moving average was up $2.35 or +57.0475% and the 200 day average went up $3.07 or +90.0974%.

Short Interest

Short traders are feeling a little more bearish on shares of the company recently if you pay attention to the increase in short interest. The company saw a rise in short interest between August 15, 2017 and August 31, 2017 of 273.93%. Short shares grew from 107,259 to 401,072 over that period. The short-interest ratio decreased to 0.0 and the short interest percentage is 0.01% as of August 31.

Earnings Per Share

Phoenix New Media Limited Ameri’s P/E ratio is 48.3097 and market capitalization is 498.65M. In the latest earnings report the EPS was $0.13 and is projected to be $-0.05 for the current year with 77,030,000 shares outstanding. Next quarter’s EPS is forecasted to be $-0.04 with next year’s EPS anticipated to be $0.17.

Company Information

Phoenix New Media Limited, launched on November 22, 2007, 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 quality information, and upload text and images (UGC) on the Internet and through their mobile devices. The Company also transmits its UGC and in-house produced content to television viewers primarily through Phoenix TV. In addition to professionally produced content, content from Phoenix TV and its in-house produced content, the Company allows its users to UGC to its Websites and mobile applications. The Company operates in two segments: net advertising services and paid services. The Company provides its content and services through channels, including ifeng.com channel, video channel and mobile channel, and also transmits its content to television viewers, primarily through Phoenix TV. Together, these channels form a single converged platform providing integrated text, image and video content..