Phoenix New Media (NYSE:FENG) Shares Pass Above 200 Day Moving Average – What’s Next?

Phoenix New Media Limited (NYSE:FENG)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.70 and traded as high as $2.85. Phoenix New Media shares last traded at $2.67, with a volume of 8,013 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Phoenix New Media in a research note on Wednesday. They issued a “hold” rating for the company.

Phoenix New Media Trading Down 2.2 %

The firm’s 50 day moving average is $2.43 and its 200 day moving average is $2.70. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.75 and a quick ratio of 2.75. The company has a market cap of $32.28 million, a PE ratio of -5.45 and a beta of 0.71.

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.