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

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

Phoenix New Media Price Performance

FENG stock opened at $2.69 on Monday. The stock has a fifty day moving average of $2.72 and a 200-day moving average of $2.92. Phoenix New Media has a fifty-two week low of $1.20 and a fifty-two week high of $4.15. The company has a market capitalization of $32.52 million, a price-to-earnings ratio of -5.49 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.

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.