StockNews.com assumed coverage on shares of Phoenix New Media (NYSE:FENG – Free Report) in a research report report published on Monday morning. The firm issued a hold rating on the information services provider’s stock.
Phoenix New Media Price Performance
Shares of FENG stock opened at $1.30 on Monday. Phoenix New Media has a twelve month low of $1.10 and a twelve month high of $4.59. The stock has a market capitalization of $15.77 million, a price-to-earnings ratio of -1.65 and a beta of 0.76. The stock has a fifty day simple moving average of $1.27 and a two-hundred day simple moving average of $1.66. The company has a current ratio of 2.72, a quick ratio of 2.67 and a debt-to-equity ratio of 0.02.
Institutional Investors Weigh In On Phoenix New Media
An institutional investor recently bought a new position in Phoenix New Media stock. Virtu Financial LLC acquired a new position in shares of Phoenix New Media Limited (NYSE:FENG – Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 21,805 shares of the information services provider’s stock, valued at approximately $58,000. 6.26% of the stock is currently owned by institutional investors.
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.
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