Phoenix New Media (NYSE:FENG) Share Price Crosses Above Two Hundred Day Moving Average of $1.49

Phoenix New Media Limited (NYSE:FENG)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.49 and traded as high as $1.87. Phoenix New Media shares last traded at $1.82, with a volume of 6,803 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on shares of Phoenix New Media in a research note on Saturday. They issued a “hold” rating for the company.

Phoenix New Media Price Performance

The company has a quick ratio of 2.72, a current ratio of 2.81 and a debt-to-equity ratio of 0.02. The firm has a market cap of $22.08 million, a PE ratio of -1.52 and a beta of 0.72. The firm’s fifty day simple moving average is $1.73 and its two-hundred day simple moving average is $1.49.

Phoenix New Media (NYSE:FENG) last released its earnings results on Tuesday, March 12th. The information services provider reported $0.09 EPS for the quarter. Phoenix New Media had a negative net margin of 15.11% and a negative return on equity of 8.87%. The firm had revenue of $29.84 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Phoenix New Media stock. Virtu Financial LLC purchased a new position in Phoenix New Media Limited (NYSE:FENG) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,805 shares of the information services provider’s stock, valued at approximately $58,000. 6.33% of the stock is owned by hedge funds and other 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.