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

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

Phoenix New Media Trading Up 0.5 %

NYSE FENG opened at $2.22 on Friday. 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’s 50-day simple moving average is $2.46 and its two-hundred day simple moving average is $2.87. Phoenix New Media has a twelve month low of $1.20 and a twelve month high of $4.15. The company has a market capitalization of $26.84 million, a price-to-earnings ratio of -4.53 and a beta of 0.72.

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.