Phoenix New Media (NYSE:FENG) Coverage Initiated by Analysts at StockNews.com

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

Phoenix New Media Stock Up 0.8 %

Shares of Phoenix New Media stock opened at $2.38 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.75 and a quick ratio of 2.75. Phoenix New Media has a 1-year low of $1.20 and a 1-year high of $4.15. The business has a 50-day moving average of $2.64 and a 200-day moving average of $2.91. The company has a market capitalization of $28.77 million, a PE ratio of -4.86 and a beta of 0.73.

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.