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

Analysts at StockNews.com started coverage on shares of Phoenix New Media (NYSE:FENG) in a research report issued to clients and investors on Thursday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Performance

FENG stock opened at $2.48 on Thursday. Phoenix New Media has a twelve month low of $1.20 and a twelve month high of $4.15. The firm has a market cap of $29.98 million, a price-to-earnings ratio of -5.06 and a beta of 0.72. The business’s fifty day simple moving average is $2.52 and its two-hundred day simple moving average is $2.90. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.02.

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.