Phoenix New Media (NYSE:FENG) Coverage Initiated at StockNews.com

Analysts at StockNews.com started coverage on shares of Phoenix New Media (NYSE:FENG) in a report issued on Thursday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Price Performance

Shares of NYSE:FENG opened at $2.20 on Thursday. The business’s fifty day moving average price is $2.41 and its two-hundred day moving average price is $2.66. The stock has a market cap of $26.60 million, a PE ratio of -4.49 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.75 and a current ratio of 2.75. Phoenix New Media has a one year low of $1.50 and a one year high of $4.15.

Phoenix New Media Company Profile

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.