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

Equities research analysts at StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG) in a report released on Sunday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Down 2.8 %

NYSE:FENG opened at $2.43 on Friday. Phoenix New Media has a fifty-two week low of $1.20 and a fifty-two week high of $4.15. The stock has a market capitalization of $29.38 million, a P/E ratio of -4.96 and a beta of 0.72. 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’s 50-day simple moving average is $2.79 and its 200-day simple moving average is $2.89.

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.