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

StockNews.com assumed coverage on shares of Phoenix New Media (NYSE:FENG) in a research note issued to investors on Thursday morning. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Stock Performance

Shares of Phoenix New Media stock opened at $2.68 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.86 and a current ratio of 2.75. The business’s 50 day moving average price is $2.89 and its 200 day moving average price is $2.84. The company has a market cap of $32.40 million, a price-to-earnings ratio of -5.47 and a beta of 0.78. Phoenix New Media has a one year low of $1.20 and a one year high of $4.15.

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.