StockNews.com Begins Coverage on Phoenix New Media (NYSE:FENG)

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

Phoenix New Media Stock Performance

Shares of Phoenix New Media stock opened at $2.49 on Friday. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.02. The stock’s fifty day moving average is $2.49 and its two-hundred day moving average is $2.89. Phoenix New Media has a 52 week low of $1.20 and a 52 week high of $4.15. The company has a market capitalization of $30.04 million, a PE ratio of -5.07 and a beta of 0.72.

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.