Phoenix New Media (NYSE:FENG) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG) in a research note issued on Tuesday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Price Performance

Shares of FENG opened at $2.75 on Tuesday. The business has a 50-day simple moving average of $2.42 and a two-hundred day simple moving average of $2.72. Phoenix New Media has a 12-month low of $1.30 and a 12-month high of $4.15. The stock has a market cap of $33.24 million, a PE ratio of -5.61 and a beta of 0.71. 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.