Phoenix New Media (NYSE:FENG) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Phoenix New Media Limited (NYSE:FENG)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.26 and traded as high as $2.42. Phoenix New Media shares last traded at $2.39, with a volume of 1,486 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Phoenix New Media in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Phoenix New Media Price Performance

The company has a market cap of $28.70 million, a price-to-earnings ratio of -3.32 and a beta of 0.42. The company’s 50-day simple moving average is $2.54 and its 200-day simple moving average is $2.26. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.92 and a quick ratio of 2.92.

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.