Phoenix New Media (NYSE:FENG) Share Price Crosses Above 200 Day Moving Average of $2.48

Phoenix New Media Limited (NYSE:FENG) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.48 and traded as high as $2.98. Phoenix New Media shares last traded at $2.79, with a volume of 24,083 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Phoenix New Media in a research note on Wednesday. They set a “hold” rating for the company.

Phoenix New Media Trading Up 6.9 %

The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.86 and a current ratio of 2.86. The stock has a market capitalization of $33.73 million, a PE ratio of -3.44 and a beta of 0.75. The business’s 50-day moving average is $3.25 and its two-hundred day moving average is $2.48.

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

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.