Shares of Phoenix New Media Ltd (NYSE:FENG) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.11 and traded as high as $3.43. Phoenix New Media shares last traded at $3.39, with a volume of 4,519 shares changing hands.

Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Phoenix New Media from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research upgraded shares of Phoenix New Media from a “sell” rating to a “hold” rating in a report on Thursday, August 8th.

The company’s fifty day moving average price is $2.64 and its 200-day moving average price is $3.11. The stock has a market capitalization of $241.67 million, a PE ratio of -25.92 and a beta of 2.06. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.02.

A hedge fund recently raised its stake in Phoenix New Media stock. International Value Advisers LLC increased its position in Phoenix New Media Ltd (NYSE:FENG) by 6.7% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,447,732 shares of the information services provider’s stock after acquiring an additional 279,009 shares during the period. Phoenix New Media comprises approximately 0.6% of International Value Advisers LLC’s holdings, making the stock its 22nd largest position. International Value Advisers LLC owned approximately 6.15% of Phoenix New Media worth $14,455,000 at the end of the most recent quarter. 15.35% of the stock is currently owned by institutional investors and hedge funds.

About Phoenix New Media (NYSE:FENG)

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.

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