Phoenix New Media (NYSE:FENG) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a research report report published on Tuesday. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Price Performance

Phoenix New Media stock opened at $2.40 on Tuesday. The firm has a market capitalization of $29.01 million, a PE ratio of -4.90 and a beta of 0.72. Phoenix New Media has a 52 week low of $1.20 and a 52 week high of $4.15. The firm’s 50-day simple moving average is $2.61 and its 200 day simple moving average is $2.90. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.02.

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.