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

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

Phoenix New Media Price Performance

NYSE:FENG opened at $2.79 on Tuesday. The stock has a 50 day moving average price of $2.42 and a 200 day moving average price of $2.72. The stock has a market cap of $33.73 million, a PE ratio of -5.69 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. Phoenix New Media has a one year low of $1.30 and a one year high of $4.15.

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.