Weiss Ratings Reiterates Sell (D-) Rating for Cheetah Mobile (NYSE:CMCM)

Key Points

• Weiss Ratings has reiterated a "Sell (D-)" rating for Cheetah Mobile (NYSE:CMCM) amid ongoing concerns about the company's financial performance.
• The stock traded down 2% to $8.39, with a negative price-to-earnings ratio of -3.83 and a market cap of $254.38 million.
• Despite the negative outlook from Weiss Ratings, another firm, Wall Street Zen, upgraded Cheetah Mobile to a "hold" rating, indicating mixed analyst sentiments.

Cheetah Mobile (NYSE:CMCM - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded Cheetah Mobile to a "hold" rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of "Sell".

Cheetah Mobile Stock Down 2.0%

Shares of NYSE CMCM traded down $0.17 during midday trading on Wednesday, reaching $8.39. 15,103 shares of the stock were exchanged, compared to its average volume of 82,727. The firm has a 50-day simple moving average of $6.75 and a two-hundred day simple moving average of $5.18. The firm has a market cap of $254.38 million, a price-to-earnings ratio of -3.83 and a beta of 1.86. Cheetah Mobile has a twelve month low of $3.28 and a twelve month high of $9.44.

Cheetah Mobile (NYSE:CMCM - Get Free Report) last announced its quarterly earnings data on Thursday, September 11th. The software maker reported ($0.08) EPS for the quarter. Cheetah Mobile had a negative return on equity of 13.85% and a negative net margin of 47.30%.The company had revenue of $41.21 million for the quarter.

Institutional Investors Weigh In On Cheetah Mobile

Several institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd purchased a new position in shares of Cheetah Mobile during the 1st quarter valued at about $60,000. E Fund Management Co. Ltd. purchased a new stake in shares of Cheetah Mobile in the first quarter worth about $305,000. Finally, E Fund Management Hong Kong Co. Ltd. purchased a new stake in shares of Cheetah Mobile in the first quarter worth approximately $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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