Phoenix New Media (NYSE:FENG) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG) in a research report sent to investors on Tuesday. 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 $2.38 on Tuesday. The business’s fifty day moving average price is $2.64 and its 200 day moving average price is $2.91. The stock has a market capitalization of $28.77 million, a P/E ratio of -4.86 and a beta of 0.73. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.02. Phoenix New Media has a twelve month low of $1.20 and a twelve 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.