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

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

Phoenix New Media Trading Up 4.6 %

NYSE FENG opened at $2.48 on Wednesday. Phoenix New Media has a 52-week low of $1.20 and a 52-week high of $4.15. The firm has a 50-day moving average price of $2.56 and a 200 day moving average price of $2.89. The stock has a market capitalization of $29.98 million, a P/E ratio of -5.06 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.

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.