Phoenix New Media (NYSE:FENG) Shares Cross Above Two Hundred Day Moving Average of $1.42

Shares of Phoenix New Media Limited (NYSE:FENGGet Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.42 and traded as high as $2.14. Phoenix New Media shares last traded at $2.09, with a volume of 88,645 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Phoenix New Media in a research note on Thursday. They set a “hold” rating for the company.

Read Our Latest Research Report on FENG

Phoenix New Media Stock Performance

The company has a fifty day moving average price of $1.60 and a two-hundred day moving average price of $1.42. The company has a market capitalization of $25.35 million, a P/E ratio of -1.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.81 and a quick ratio of 2.72.

Hedge Funds Weigh In On Phoenix New Media

An institutional investor recently bought a new position in Phoenix New Media stock. Virtu Financial LLC bought a new position in shares of Phoenix New Media Limited (NYSE:FENGFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 21,805 shares of the information services provider’s stock, valued at approximately $58,000. Institutional investors own 6.33% of the company’s stock.

About Phoenix New Media

(Get Free Report)

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.

Further Reading

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