Phoenix New Media (NYSE:FENG) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Phoenix New Media Limited (NYSE:FENG) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.17 and traded as high as $2.64. Phoenix New Media shares last traded at $2.38, with a volume of 42,332 shares.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on shares of Phoenix New Media in a research report on Saturday, May 17th. They issued a “hold” rating for the company.

Phoenix New Media Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 2.92 and a quick ratio of 2.92. The company has a market capitalization of $28.59 million, a PE ratio of -3.31 and a beta of 0.46. The stock has a 50-day simple moving average of $2.27 and a 200 day simple moving average of $2.17.

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.