Cheetah Mobile Inc (CMCM) Trading 1.5% Higher
Shares of Cheetah Mobile Inc (NASDAQ:CMCM) traded up 1.5% during mid-day trading on Wednesday . The company traded as high as $10.51 and last traded at $10.26, with a volume of 823,467 shares trading hands. The stock had previously closed at $10.11.
A number of analysts recently issued reports on the company. Zacks Investment Research lowered Cheetah Mobile from a “hold” rating to a “sell” rating in a report on Monday. TheStreet lowered Cheetah Mobile from a “hold” rating to a “sell” rating in a report on Thursday, June 16th.
The stock’s 50 day moving average price is $10.10 and its 200 day moving average price is $14.02. The stock has a market capitalization of $1.43 billion and a PE ratio of 60.35.
Cheetah Mobile Inc is a provider of online marketing services, Internet value-added services and Internet security services and others in the People’s Republic of China (the PRC). The Company operates a platform that offers mobile and Personal Computer (PC) applications for its users and global content distribution channels for its customers, both of which are powered by its cloud-based data analytics engines.
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