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

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

Phoenix New Media Trading Down 5.7 %

Shares of Phoenix New Media stock opened at $2.48 on Friday. Phoenix New Media has a 1 year low of $1.20 and a 1 year high of $4.15. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.75 and a current ratio of 2.75. The company has a market capitalization of $29.98 million, a P/E ratio of -5.06 and a beta of 0.78. The company’s fifty day moving average is $2.83 and its two-hundred day moving average is $2.86.

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.