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

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

Phoenix New Media Stock Performance

NYSE FENG opened at $2.44 on Friday. The firm has a market cap of $29.50 million, a P/E ratio of -4.98 and a beta of 0.78. 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 company’s 50 day moving average is $2.82 and its 200-day moving average is $2.88. 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.