Phoenix New Media (NYSE:FENG) Now Covered by StockNews.com

StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Price Performance

FENG stock opened at $2.37 on Wednesday. Phoenix New Media has a 52-week low of $1.20 and a 52-week high of $4.15. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.02. The stock has a market cap of $28.65 million, a price-to-earnings ratio of -4.84 and a beta of 0.72. The business has a fifty day moving average of $2.58 and a two-hundred day moving average of $2.90.

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.