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

StockNews.com assumed coverage on shares of Phoenix New Media (NYSE:FENG) in a research report sent to investors on Friday. The brokerage issued a hold rating on the information services provider’s stock.

Phoenix New Media Stock Performance

Shares of FENG stock opened at $2.52 on Friday. The company has a market capitalization of $30.47 million, a P/E ratio of -5.14 and a beta of 0.78. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.75 and a current ratio of 2.75. The stock has a 50 day moving average price of $2.87 and a two-hundred day moving average price of $2.84. Phoenix New Media has a fifty-two week low of $1.20 and a fifty-two week 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.