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

Stock analysts at StockNews.com assumed coverage on shares of Phoenix New Media (NYSE:FENG) in a note issued to 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 50-day simple moving average of $2.72 and a two-hundred day simple moving average of $2.92. Phoenix New Media has a twelve month low of $1.20 and a twelve month high of $4.15. The firm has a market capitalization of $32.52 million, a PE ratio of -5.49 and a beta of 0.72. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.02.

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.