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

StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a research note published on Wednesday morning. The brokerage issued a hold rating on the information services provider’s stock.

Phoenix New Media Trading Up 3.0 %

Shares of FENG stock opened at $2.37 on Wednesday. The company has a 50-day moving average of $2.57 and a two-hundred day moving average of $2.89. The firm has a market cap of $28.65 million, a PE ratio of -4.84 and a beta of 0.72. 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 current ratio of 2.75 and a quick ratio of 2.75.

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.