Phoenix New Media (NYSE:FENG) Coverage Initiated by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Phoenix New Media (NYSE:FENG) in a research note issued on Thursday. The firm set a “hold” rating on the information services provider’s stock.

Phoenix New Media Stock Down 4.2 %

NYSE:FENG opened at $2.04 on Thursday. Phoenix New Media has a 12-month low of $1.10 and a 12-month high of $4.14. The company has a quick ratio of 2.72, a current ratio of 2.81 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $24.75 million, a P/E ratio of -1.70 and a beta of 0.72. The stock’s fifty day simple moving average is $1.62 and its 200-day simple moving average is $1.43.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Phoenix New Media stock. Virtu Financial LLC purchased a new stake in Phoenix New Media Limited (NYSE:FENG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 21,805 shares of the information services provider’s stock, valued at approximately $58,000. Institutional investors and hedge funds own 6.33% of the company’s stock.

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.