StockNews.com Begins Coverage on Phoenix New Media (NYSE:FENG)

Research analysts at StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a report issued on Saturday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Trading Down 5.7 %

NYSE:FENG opened at $2.48 on Friday. Phoenix New Media has a one year low of $1.20 and a one year high of $4.15. The business has a fifty day moving average price of $2.82 and a 200-day moving average price of $2.87. The firm has a market capitalization of $29.98 million, a price-to-earnings ratio of -5.06 and a beta of 0.78. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.75 and a quick ratio of 2.75.

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.