Phoenix New Media (NYSE:FENG) Earns Hold Rating from Analysts at StockNews.com

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

Phoenix New Media Stock Performance

NYSE:FENG opened at $2.47 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.75 and a quick ratio of 2.75. The firm has a market cap of $29.86 million, a PE ratio of -5.04 and a beta of 0.72. The firm has a 50 day simple moving average of $2.55 and a 200-day simple moving average of $2.89. Phoenix New Media has a 1-year low of $1.20 and a 1-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.