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

Equities researchers at StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG) in a report released on Sunday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Trading Down 3.2 %

FENG opened at $3.17 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.91 and a quick ratio of 2.91. The company’s 50 day simple moving average is $3.11 and its two-hundred day simple moving average is $2.29. Phoenix New Media has a 1-year low of $1.10 and a 1-year high of $4.15. The firm has a market capitalization of $38.26 million, a price-to-earnings ratio of -3.78 and a beta of 0.76.

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.