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

StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Trading Down 0.8 %

NYSE FENG opened at $2.50 on Thursday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.02. The stock has a market cap of $30.23 million, a PE ratio of -5.10 and a beta of 0.72. The company’s 50-day moving average price is $2.52 and its 200-day moving average price is $2.90. Phoenix New Media has a 12 month low of $1.20 and a 12 month high of $4.15.

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.