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

StockNews.com assumed coverage on shares of Phoenix New Media (NYSE:FENG) in a research report sent to investors on Thursday morning. The firm issued a hold rating on the information services provider’s stock.

Phoenix New Media Price Performance

NYSE FENG opened at $2.48 on Thursday. 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 52-week low of $1.20 and a 52-week high of $4.15. The company has a 50 day simple moving average of $2.51 and a 200-day simple moving average of $2.90. The firm has a market capitalization of $29.98 million, a price-to-earnings ratio of -5.06 and a beta of 0.72.

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.