Phoenix New Media (NYSE:FENG) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Phoenix New Media Limited (NYSE:FENG) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.17 and traded as high as $2.29. Phoenix New Media shares last traded at $2.24, with a volume of 1,114 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen began coverage on Phoenix New Media in a research note on Saturday, May 17th. They issued a “hold” rating for the company.

Phoenix New Media Trading Up 0.0%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.92 and a current ratio of 2.92. The business has a fifty day simple moving average of $2.19 and a 200 day simple moving average of $2.17. The stock has a market capitalization of $26.92 million, a price-to-earnings ratio of -3.11 and a beta of 0.45.

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.