Phoenix New Media (NYSE:FENG) Stock Price Passes Above 200-Day Moving Average of $1.49

Shares of 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 $1.49 and traded as high as $1.87. Phoenix New Media shares last traded at $1.82, with a volume of 6,803 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Phoenix New Media in a research report on Saturday. They set a “hold” rating for the company.

Phoenix New Media Price Performance

The stock has a 50-day moving average price of $1.73 and a 200 day moving average price of $1.49. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.81 and a quick ratio of 2.72.

Phoenix New Media (NYSE:FENG) last posted its quarterly earnings data on Tuesday, March 12th. The information services provider reported $0.09 EPS for the quarter. The business had revenue of $29.84 million during the quarter. Phoenix New Media had a negative return on equity of 8.87% and a negative net margin of 15.11%.

Institutional Trading of Phoenix New Media

A hedge fund recently bought a new stake in Phoenix New Media stock. Virtu Financial LLC acquired a new position in shares of Phoenix New Media Limited (NYSE:FENG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,805 shares of the information services provider’s stock, valued at approximately $58,000. 6.33% of the stock is currently owned by institutional investors.

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.