Cheetah Mobile (NYSE:CMCM) Shares Up 1.7% - Here's Why

Key Points

• Cheetah Mobile's shares increased by 1.7% to last trade at $4.89, though trading volume decreased by 37% compared to its average session.
• Analysts at Wall Street Zen downgraded Cheetah Mobile from a "buy" rating to a "hold" rating.
• The company reported a negative earnings per share (EPS) of ($0.14) and a negative net margin of 64.75% for the latest quarter, highlighting financial challenges.

Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report) shot up 1.7% on Tuesday . The company traded as high as $4.98 and last traded at $4.89. 35,764 shares changed hands during trading, a decline of 37% from the average session volume of 56,804 shares. The stock had previously closed at $4.81.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Cheetah Mobile from a "buy" rating to a "hold" rating in a report on Monday, May 5th.

Cheetah Mobile Price Performance

The stock has a market cap of $148.26 million, a P/E ratio of -1.85 and a beta of 1.59. The stock's 50-day moving average is $4.79 and its two-hundred day moving average is $4.60.

Cheetah Mobile (NYSE:CMCM - Get Free Report) last posted its earnings results on Thursday, June 19th. The software maker reported ($0.14) EPS for the quarter. Cheetah Mobile had a negative net margin of 64.75% and a negative return on equity of 17.83%. The firm had revenue of $35.69 million for the quarter.

Institutional Investors Weigh In On Cheetah Mobile

Several hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new stake in shares of Cheetah Mobile during the 1st quarter valued at $60,000. E Fund Management Co. Ltd. acquired a new position in Cheetah Mobile during the 1st quarter valued at about $305,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in Cheetah Mobile in the first quarter valued at about $305,000. Hedge funds and other institutional investors own 0.41% of the company's stock.

Cheetah Mobile Company Profile

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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