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

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

Phoenix New Media Price Performance

Shares of Phoenix New Media stock opened at $2.12 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.75 and a quick ratio of 2.75. The business has a 50 day simple moving average of $2.46 and a two-hundred day simple moving average of $2.86. The stock has a market capitalization of $25.58 million, a P/E ratio of -4.32 and a beta of 0.72. Phoenix New Media has a 12 month low of $1.20 and a 12 month 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.