Phoenix New Media (NYSE:FENG) Coverage Initiated by Analysts at StockNews.com

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

Phoenix New Media Stock Performance

NYSE:FENG opened at $2.56 on Monday. The company’s 50-day moving average is $2.70 and its two-hundred day moving average is $2.92. Phoenix New Media has a 1-year low of $1.20 and a 1-year high of $4.15. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market capitalization of $30.95 million, a price-to-earnings ratio of -5.22 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.