Phoenix New Media (NYSE:FENG) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a research report report published on Saturday morning. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Price Performance

FENG opened at $2.48 on Friday. Phoenix New Media has a fifty-two week low of $1.20 and a fifty-two week high of $4.15. The firm has a 50-day moving average of $2.82 and a 200 day moving average of $2.86. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.75 and a current ratio of 2.75. The firm has a market cap of $29.98 million, a P/E ratio of -5.06 and a beta of 0.78.

Phoenix New Media Company Profile

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.