Phoenix New Media (NYSE:FENG) Share Price Crosses Above 200 Day Moving Average of $2.48

Shares of Phoenix New Media Limited (NYSE:FENG) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.48 and traded as high as $2.98. Phoenix New Media shares last traded at $2.79, with a volume of 24,083 shares traded.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Phoenix New Media in a research report on Wednesday. They issued a “hold” rating on the stock.

Phoenix New Media Stock Performance

The company has a market cap of $35.54 million, a price-to-earnings ratio of -3.63 and a beta of 0.75. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.86 and a current ratio of 2.86. The company has a fifty day moving average of $3.25 and a two-hundred day moving average of $2.48.

Phoenix New Media (NYSE:FENG) last announced its quarterly earnings results on Tuesday, August 13th. The information services provider reported ($0.06) EPS for the quarter. Phoenix New Media had a negative net margin of 6.60% and a negative return on equity of 3.95%. The firm had revenue of $23.16 million for the quarter.

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.