Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $4.58 and traded as low as $3.93. Cheetah Mobile shares last traded at $3.93, with a volume of 294 shares.
Analysts Set New Price Targets
Separately, StockNews.com raised Cheetah Mobile from a "hold" rating to a "buy" rating in a research note on Sunday, March 30th.
Check Out Our Latest Research Report on CMCM
Cheetah Mobile Price Performance
The company has a market cap of $109.97 million, a PE ratio of -1.29 and a beta of 1.55. The firm's 50-day moving average is $4.49 and its 200-day moving average is $4.70.
Cheetah Mobile (NYSE:CMCM - Get Free Report) last posted its earnings results on Wednesday, March 26th. The software maker reported ($0.95) earnings per share for the quarter. The business had revenue of $32.48 million during the quarter.
Institutional Investors Weigh In On Cheetah Mobile
A hedge fund recently bought a new stake in Cheetah Mobile stock. E Fund Management Hong Kong Co. Ltd. purchased a new position in Cheetah Mobile Inc. (NYSE:CMCM - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 71,363 shares of the software maker's stock, valued at approximately $305,000. E Fund Management Hong Kong Co. Ltd. owned approximately 0.24% of Cheetah Mobile as of its most recent SEC filing. Institutional investors own 0.41% of the company's stock.
Cheetah Mobile Company Profile
(
Get Free Report)
Cheetah Mobile Inc along with its subsidiaries, engages in provision of internet services, artificial intelligence, and other services in the People's Republic of China, Hong Kong, Japan, and internationally. The company's internet products include Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications; and Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.
Further Reading
Before you consider Cheetah Mobile, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cheetah Mobile wasn't on the list.
While Cheetah Mobile currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
