Cheetah Mobile Inc (CMCM) Sees Unusually-High Trading Volume
Shares of Cheetah Mobile Inc (NASDAQ:CMCM) saw strong trading volume on Tuesday . 972,364 shares changed hands during mid-day trading, an increase of 20% from the previous session’s volume of 810,235 shares.The stock last traded at $10.21 and had previously closed at $9.65.
A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Cheetah Mobile from a “sell” rating to a “hold” rating in a report on Monday, June 20th. TheStreet cut shares of Cheetah Mobile from a “hold” rating to a “sell” rating in a report on Thursday, June 16th.
The company has a market cap of $1.44 billion and a PE ratio of 60.9418. The firm’s 50-day moving average is $10.10 and its 200-day moving average is $14.02.
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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