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

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

Phoenix New Media Stock Up 0.8 %

FENG opened at $2.38 on Tuesday. Phoenix New Media has a twelve month low of $1.20 and a twelve month high of $4.15. 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 firm has a 50 day moving average price of $2.63 and a 200-day moving average price of $2.90. The stock has a market capitalization of $28.77 million, a price-to-earnings ratio of -4.86 and a beta of 0.73.

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.