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

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

Phoenix New Media Price Performance

Shares of FENG stock opened at $2.48 on Thursday. The business has a fifty day simple moving average of $2.51 and a 200 day simple moving average of $2.90. The company has a market cap 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. Phoenix New Media has a twelve month low of $1.20 and a twelve month high of $4.15.

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.