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

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

Phoenix New Media Stock Performance

NYSE:FENG opened at $2.25 on Wednesday. The stock has a market cap of $27.14 million, a P/E ratio of -4.58 and a beta of 0.71. The firm’s fifty day simple moving average is $2.43 and its 200 day simple moving average is $2.70. Phoenix New Media has a twelve month low of $1.30 and a twelve month high of $4.15. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.02.

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.