Phoenix New Media (NYSE:FENG) Research Coverage Started at StockNews.com

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

Phoenix New Media Stock Up 3.5 %

Shares of NYSE:FENG opened at $2.49 on Friday. Phoenix New Media has a 52-week low of $1.20 and a 52-week high of $4.15. The company has a market capitalization of $30.04 million, a price-to-earnings ratio of -5.07 and a beta of 0.72. 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 50 day moving average of $2.49 and a two-hundred day moving average of $2.89.

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.