Cheetah Mobile Inc. (NYSE:CMCM - Get Free Report)'s share price traded up 4.5% during mid-day trading on Tuesday . The company traded as high as $5.49 and last traded at $5.37. 95,900 shares changed hands during trading, an increase of 160% from the average session volume of 36,917 shares. The stock had previously closed at $5.14.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen downgraded Cheetah Mobile from a "buy" rating to a "hold" rating in a research note on Monday, May 5th.
Get Our Latest Stock Analysis on CMCM
Cheetah Mobile Trading Up 0.9%
The stock has a 50 day moving average of $4.39 and a 200-day moving average of $4.50. The company has a market capitalization of $157.94 million, a P/E ratio of -2.02 and a beta of 1.71.
Cheetah Mobile (NYSE:CMCM - Get Free Report) last announced its quarterly earnings data on Thursday, June 19th. The software maker reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $35.69 million for the quarter. Cheetah Mobile had a negative net margin of 64.75% and a negative return on equity of 17.83%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in CMCM. XTX Topco Ltd bought a new position in shares of Cheetah Mobile during the 1st quarter valued at approximately $60,000. E Fund Management Co. Ltd. purchased a new position in Cheetah Mobile in the 1st quarter worth approximately $305,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new position in Cheetah Mobile in the 1st quarter worth approximately $305,000. 0.41% of the stock is currently owned by institutional investors.
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.
Recommended Stories
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
