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 note published on Wednesday morning. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Stock Up 3.0 %

Shares of NYSE:FENG opened at $2.37 on Wednesday. Phoenix New Media has a fifty-two week low of $1.20 and a fifty-two week high of $4.15. The firm’s 50 day moving average price is $2.57 and its 200 day moving average price is $2.89. 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 has a market cap of $28.65 million, a price-to-earnings ratio of -4.84 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.