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

StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG) in a report released on Friday morning. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Trading Up 2.0 %

Shares of Phoenix New Media stock opened at $2.52 on Friday. The company has a 50-day moving average of $2.86 and a two-hundred day moving average of $2.85. The stock has a market cap of $30.47 million, a PE ratio of -5.14 and a beta of 0.78. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.02. Phoenix New Media has a 12-month low of $1.20 and a 12-month 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.