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

Equities researchers at StockNews.com started coverage on shares of Phoenix New Media (NYSE:FENG) in a research note issued to investors on Friday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Performance

FENG opened at $2.52 on Friday. 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 $30.47 million, a PE ratio of -5.14 and a beta of 0.78. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.02. The firm’s 50-day moving average price is $2.86 and its 200 day moving average price is $2.84.

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.