Phoenix New Media (NYSE:FENG) Now Covered by Analysts at StockNews.com

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

Phoenix New Media Stock Up 2.8 %

Shares of NYSE:FENG opened at $2.23 on Thursday. Phoenix New Media has a 12 month low of $1.50 and a 12 month high of $4.15. The company’s 50-day moving average price is $2.41 and its two-hundred day moving average price is $2.66. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.02. The firm has a market cap of $26.97 million, a P/E ratio of -4.55 and a beta of 0.71.

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.