A number of other brokerages also recently commented on FENG. TheStreet downgraded shares of Phoenix New Media from a c- rating to a d rating in a research note on Thursday, June 13th. Zacks Investment Research upgraded shares of Phoenix New Media from a sell rating to a hold rating in a research note on Thursday, August 8th.
Shares of NYSE:FENG traded down $0.09 during trading on Wednesday, hitting $2.50. The company’s stock had a trading volume of 114,901 shares, compared to its average volume of 116,157. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.32 and a current ratio of 1.32. The business has a 50 day moving average price of $2.97 and a two-hundred day moving average price of $3.47. The company has a market capitalization of $188.53 million, a PE ratio of -19.23 and a beta of 2.06. Phoenix New Media has a fifty-two week low of $2.45 and a fifty-two week high of $5.10.
A hedge fund recently raised its stake in Phoenix New Media stock. International Value Advisers LLC increased its position in shares of Phoenix New Media Ltd (NYSE:FENG) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,447,732 shares of the information services provider’s stock after purchasing an additional 279,009 shares during the period. Phoenix New Media accounts for approximately 0.6% of International Value Advisers LLC’s portfolio, making the stock its 22nd largest position. International Value Advisers LLC owned 6.15% of Phoenix New Media worth $14,455,000 at the end of the most recent quarter. Institutional investors own 15.22% 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 in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.
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