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

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

Phoenix New Media Trading Up 2.0 %

Shares of NYSE FENG opened at $2.52 on Friday. The company has a quick ratio of 2.75, a current 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. The business has a fifty day simple moving average of $2.86 and a two-hundred day simple moving average of $2.84. The firm has a market cap of $30.47 million, a PE ratio of -5.14 and a beta of 0.78.

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.