Equities researchers at StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG – Get Free Report) 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
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