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

Stock analysts at StockNews.com initiated coverage on shares of Phoenix New Media (NYSE:FENG) in a research report issued to clients and investors on Saturday. The brokerage set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Down 5.7 %

Shares of NYSE:FENG opened at $2.48 on Friday. The company has a market cap of $29.98 million, a price-to-earnings ratio of -5.06 and a beta of 0.78. The firm’s 50-day simple moving average is $2.83 and its 200-day simple moving average is $2.86. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.02. Phoenix New Media has a fifty-two week low of $1.20 and a fifty-two week high of $4.15.

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.