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

Investment analysts at StockNews.com started coverage on shares of Phoenix New Media (NYSE:FENG) in a research report issued on Tuesday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Trading Down 0.0 %

FENG opened at $2.75 on Tuesday. The firm’s fifty day simple moving average is $2.42 and its 200 day simple moving average is $2.72. The stock has a market capitalization of $33.24 million, a P/E ratio of -5.61 and a beta of 0.71. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.02. Phoenix New Media has a 12 month low of $1.30 and a 12 month 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.