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

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

Phoenix New Media Trading Up 0.0 %

FENG opened at $2.48 on Monday. Phoenix New Media has a one year low of $1.20 and a one year high of $4.15. The company has a market cap of $30.00 million, a P/E ratio of -5.06 and a beta of 0.71. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.75 and a current ratio of 2.75. The business’s 50-day simple moving average is $2.41 and its 200-day simple moving average is $2.75.

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.