Phoenix New Media (NYSE:FENG) Earns Hold Rating from Analysts at StockNews.com

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

Phoenix New Media Stock Down 2.0 %

Shares of Phoenix New Media stock opened at $2.48 on Thursday. 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 company has a market cap of $29.98 million, a P/E ratio of -5.06 and a beta of 0.72. The firm’s 50 day moving average price is $2.52 and its 200-day moving average price is $2.90. Phoenix New Media has a 52-week low of $1.20 and a 52-week high of $4.15.

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.