Shares of 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.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded shares of Cheetah Mobile from a "hold" rating to a "buy" rating in a research note on Sunday, March 30th.
View Our Latest Stock Report on CMCM
Cheetah Mobile Trading Down 0.3 %
The firm has a fifty day moving average of $4.45 and a 200 day moving average of $4.69. The company has a market capitalization of $112.03 million, a P/E ratio of -1.31 and a beta of 1.55.
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.
Hedge Funds Weigh In On Cheetah Mobile
An institutional investor recently bought a new position in Cheetah Mobile stock. E Fund Management Hong Kong Co. Ltd. purchased a new position in Cheetah Mobile Inc. (NYSE:CMCM - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.41% of the company's stock.
About Cheetah Mobile
(
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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.
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