Shares of Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) shot up 1.7% during trading on Tuesday . The company traded as high as $4.98 and last traded at $4.89. 35,764 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 56,804 shares. The stock had previously closed at $4.81.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Cheetah Mobile from a "buy" rating to a "hold" rating in a research note on Monday, May 5th.
Check Out Our Latest Report on CMCM
Cheetah Mobile Stock Performance
The company has a 50-day moving average of $4.82 and a 200-day moving average of $4.61. The firm has a market capitalization of $145.23 million, a price-to-earnings ratio of -1.81 and a beta of 1.59.
Cheetah Mobile (NYSE:CMCM - Get Free Report) last issued its quarterly earnings data on Thursday, June 19th. The software maker reported ($0.14) earnings per share (EPS) for the quarter. Cheetah Mobile had a negative net margin of 64.75% and a negative return on equity of 17.83%. The business had revenue of $35.69 million during the quarter.
Hedge Funds Weigh In On Cheetah Mobile
Several institutional investors and hedge funds have recently modified their holdings of CMCM. XTX Topco Ltd acquired a new position in Cheetah Mobile during the 1st quarter worth approximately $60,000. E Fund Management Co. Ltd. acquired a new position in Cheetah Mobile during the 1st quarter worth approximately $305,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in Cheetah Mobile during the 1st quarter worth approximately $305,000. 0.41% of the stock is currently owned by institutional investors and hedge funds.
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.
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