Research analysts at StockNews.com began coverage on shares of Phoenix New Media (NYSE:FENG – Get Rating) in a research report issued on Saturday. The brokerage set a "hold" rating on the information services provider's stock.
Phoenix New Media Price Performance
NYSE FENG opened at $2.32 on Friday. Phoenix New Media has a 1-year low of $2.10 and a 1-year high of $5.88. The company has a quick ratio of 2.39, a current ratio of 2.50 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average of $2.40 and a two-hundred day moving average of $3.31.
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Institutional Investors Weigh In On Phoenix New Media
An institutional investor recently bought a new position in Phoenix New Media stock. Virtu Financial LLC purchased a new position in shares of Phoenix New Media Limited (NYSE:FENG – Get Rating) during the 4th quarter, according to its most recent 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.
Phoenix New Media Company Profile
(Get Rating)
Phoenix New Media Ltd. is engaged in the provision of media and advertising services through internet, mobile, and television channels. It also provides mobile internet and value-add, and video value-added services. It operates under the Net Advertising Services and Paid Services. The company was founded in 1998 and is headquartered in Beijing, China.
Read More
- Get a free copy of the StockNews.com research report on Phoenix New Media (FENG)
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