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

StockNews.com assumed coverage on shares of Phoenix New Media (NYSE:FENG) in a research note released on Saturday. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Price Performance

Shares of Phoenix New Media stock opened at $2.22 on Friday. The company has a market cap of $26.84 million, a PE ratio of -4.53 and a beta of 0.72. The business has a 50 day moving average of $2.46 and a 200 day moving average of $2.87. Phoenix New Media has a 52 week low of $1.20 and a 52 week high of $4.15. 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 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.