Phoenix New Media (NYSE:FENG) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Phoenix New Media Limited (NYSE:FENG) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.80 and traded as high as $2.83. Phoenix New Media shares last traded at $2.66, with a volume of 11,378 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Phoenix New Media in a research note on Wednesday. They issued a “hold” rating for the company.

Phoenix New Media Stock Performance

The firm has a market capitalization of $32.16 million, a PE ratio of -5.22 and a beta of 0.78. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.02. The business’s 50 day simple moving average is $2.91 and its two-hundred day simple moving average is $2.80.

Phoenix New Media (NYSE:FENG) last announced its earnings results on Tuesday, August 13th. The information services provider reported ($0.06) EPS for the quarter. The business had revenue of $23.16 million for the quarter. Phoenix New Media had a negative net margin of 6.60% and a negative return on equity of 3.95%.

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.